Bryce Point Capital LLC Purchases Shares of 26,621 The Kraft Heinz Company (NASDAQ:KHC)

Bryce Point Capital LLC acquired a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,621 shares of the company's stock, valued at approximately $818,000.

Several other institutional investors have also bought and sold shares of the company. CreativeOne Wealth LLC bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at $231,000. Public Sector Pension Investment Board lifted its stake in Kraft Heinz by 138.8% during the third quarter. Public Sector Pension Investment Board now owns 34,751 shares of the company's stock worth $1,220,000 after purchasing an additional 20,200 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Kraft Heinz by 3,129.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 12,109 shares of the company's stock worth $425,000 after acquiring an additional 11,734 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in shares of Kraft Heinz by 9.8% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 473,891 shares of the company's stock valued at $16,638,000 after purchasing an additional 42,323 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Kraft Heinz by 72.0% in the third quarter. Integrated Wealth Concepts LLC now owns 42,941 shares of the company's stock worth $1,508,000 after purchasing an additional 17,973 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 0.5 %

KHC stock traded up $0.14 during mid-day trading on Tuesday, reaching $28.67. 5,473,464 shares of the stock traded hands, compared to its average volume of 8,872,319. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market capitalization of $34.21 billion, a PE ratio of 12.71, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The business has a 50-day moving average price of $30.06 and a two-hundred day moving average price of $31.46.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS 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%. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Citigroup restated a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday. Finally, Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. Four analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $30.67.

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.