Empowered Funds LLC grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,377 shares of the company's stock after acquiring an additional 19,056 shares during the quarter. Empowered Funds LLC's holdings in Kraft Heinz were worth $3,144,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Sawyer & Company Inc purchased a new stake in Kraft Heinz in the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC lifted its position in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock valued at $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock valued at $31,000 after buying an additional 797 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Kraft Heinz during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 78.17% of the company's stock.
Analysts Set New Price Targets
KHC has been the subject of several recent research reports. UBS Group reduced 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. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday. Wells Fargo & Company cut their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday. Bank of America downgraded Kraft Heinz from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $36.00 to $30.00 in a research report on Thursday. Finally, StockNews.com downgraded Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Friday. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of "Hold" and a consensus price target of $30.86.
View Our Latest Research Report on KHC
Kraft Heinz Stock Down 1.1 %
Shares of NASDAQ KHC traded down $0.33 during midday trading on Monday, hitting $28.92. 9,271,761 shares of the company's stock were exchanged, compared to its average volume of 9,310,077. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a market cap of $34.97 billion, a PE ratio of 26.05, a P/E/G ratio of 3.74 and a beta of 0.47. The firm's fifty day simple moving average is $29.90 and its 200-day simple moving average is $32.72.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released 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 return on equity of 7.46% and a net margin of 5.24%. Research analysts predict that The Kraft Heinz Company will post 3 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 144.14%.
About Kraft Heinz
(
Free Report)
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.
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