CenterBook Partners LP Takes $4.66 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

CenterBook Partners LP bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 151,734 shares of the company's stock, valued at approximately $4,660,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brookstone Capital Management increased its position in shares of Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after purchasing an additional 238,913 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Kraft Heinz during the fourth quarter worth approximately $2,048,000. Toronto Dominion Bank lifted its holdings in shares of Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock worth $17,132,000 after acquiring an additional 54,656 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after purchasing an additional 1,238,200 shares in the last quarter. Finally, FLC Capital Advisors grew its stake in shares of Kraft Heinz by 121.0% during the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock valued at $573,000 after buying an additional 10,214 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 1.0 %

Shares of NASDAQ KHC traded up $0.29 on Monday, reaching $29.62. 3,308,725 shares of the company's stock traded hands, compared to its average volume of 9,024,939. 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 business's 50 day simple moving average is $29.95 and its two-hundred day simple moving average is $31.23. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a market cap of $35.35 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

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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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.40%. Kraft Heinz's dividend payout ratio is 70.80%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KHC. UBS Group dropped their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Wells Fargo & Company reduced their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. Finally, Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Four investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $30.67.

About Kraft Heinz

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.