68,494 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Bcwm LLC

Bcwm LLC purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 68,494 shares of the company's stock, valued at approximately $2,103,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the last quarter. State Street Corp boosted its position in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock worth $1,558,898,000 after acquiring an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after purchasing an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Kraft Heinz during the third quarter worth approximately $411,304,000. Finally, Norges Bank purchased a new position in Kraft Heinz during the fourth quarter worth approximately $324,857,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on KHC. Piper Sandler dropped their price objective on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, Evercore ISI reissued an "in-line" rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.73.

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Kraft Heinz Stock Up 2.7 %

Shares of KHC traded up $0.81 during trading on Thursday, reaching $30.94. The company's stock had a trading volume of 6,250,162 shares, compared to its average volume of 8,776,536. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market cap of $36.92 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 3.39 and a beta of 0.44. The company has a fifty day moving average of $30.05 and a two-hundred day moving average of $31.60.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.