Headlands Technologies LLC bought a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 66,686 shares of the company's stock, valued at approximately $2,048,000.
A number of other institutional investors have also modified their holdings of KHC. CreativeOne Wealth LLC acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth approximately $231,000. Public Sector Pension Investment Board increased its position in Kraft Heinz by 138.8% in the third quarter. Public Sector Pension Investment Board now owns 34,751 shares of the company's stock worth $1,220,000 after buying an additional 20,200 shares during the period. Benjamin Edwards Inc. lifted its stake in Kraft Heinz by 3,129.1% in the third quarter. Benjamin Edwards Inc. now owns 12,109 shares of the company's stock valued at $425,000 after buying an additional 11,734 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Kraft Heinz by 9.8% during the third quarter. Chevy Chase Trust Holdings LLC now owns 473,891 shares of the company's stock valued at $16,638,000 after acquiring an additional 42,323 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kraft Heinz during the third quarter worth about $411,304,000. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Price Performance
Shares of NASDAQ KHC traded up $0.68 during mid-day trading on Thursday, reaching $30.81. The company had a trading volume of 11,917,982 shares, compared to its average volume of 8,803,238. The company has a 50-day moving average price of $30.09 and a two-hundred day moving average price of $31.60. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock has a market cap of $36.77 billion, a PE ratio of 13.63, a P/E/G ratio of 3.39 and a beta of 0.44. 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 released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. On average, equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.19%. Kraft Heinz's dividend payout ratio is 70.80%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. UBS Group cut their target price on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group reduced their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Piper Sandler decreased their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Evercore ISI restated an "in-line" rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of "Hold" and a consensus target price of $30.73.
Check Out Our Latest Stock Analysis on KHC
Kraft Heinz Company Profile
(
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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