Blueshift Asset Management LLC Invests $600,000 in The Kraft Heinz Company (NASDAQ:KHC)

Blueshift Asset Management LLC acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,539 shares of the company's stock, valued at approximately $600,000.

A number of other institutional investors also recently bought and sold shares of KHC. New York Life Investment Management LLC grew its position in Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock valued at $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Kraft Heinz by 5.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after purchasing an additional 366 shares during the period. Winch Advisory Services LLC boosted its holdings in Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after purchasing an additional 380 shares in the last quarter. Cohen Investment Advisors LLC increased its position in Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock worth $315,000 after purchasing an additional 487 shares during the period. Finally, LMG Wealth Partners LLC raised its stake in shares of Kraft Heinz by 1.4% during the 4th quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company's stock worth $1,137,000 after buying an additional 498 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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Kraft Heinz Price Performance

Shares of KHC traded down $0.02 during mid-day trading on Tuesday, reaching $29.10. 9,389,747 shares of the company's stock were exchanged, compared to its average volume of 8,504,662. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week 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 50-day simple moving average of $29.92 and a two-hundred day simple moving average of $31.85. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 3.39 and a beta of 0.40.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.50%. Kraft Heinz's dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Piper Sandler decreased their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. TD Cowen decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, Kraft Heinz currently has an average rating of "Hold" and a consensus target price of $30.73.

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.