9,653 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Financial Management Network Inc.

Financial Management Network Inc. acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,653 shares of the company's stock, valued at approximately $295,000.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company's stock worth $186,350,000 after purchasing an additional 545,504 shares during the period. Banque Cantonale Vaudoise boosted its stake in shares of Kraft Heinz by 52.5% during the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company's stock worth $5,988,000 after buying an additional 58,665 shares during the period. Brookstone Capital Management grew its holdings in shares of Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock worth $10,530,000 after buying an additional 238,913 shares during the last quarter. Easterly Investment Partners LLC grew its holdings in shares of Kraft Heinz by 39.4% during the third quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company's stock worth $5,529,000 after buying an additional 44,485 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock valued at $17,132,000 after acquiring an additional 54,656 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

KHC stock traded up $0.97 on Friday, reaching $31.13. The company had a trading volume of 14,695,925 shares, compared to its average volume of 10,055,061. The company's fifty day moving average is $29.73 and its 200 day moving average is $32.56. The company has a market cap of $37.20 billion, a P/E ratio of 13.77, a PEG ratio of 3.34 and a beta of 0.47. 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 Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KHC. Piper Sandler lowered their target price 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. The Goldman Sachs Group decreased their price target on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.86.

Kraft Heinz Company 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.