Homestead Advisers Corp lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 899,800 shares of the company's stock after buying an additional 34,200 shares during the period. Homestead Advisers Corp owned approximately 0.07% of Kraft Heinz worth $27,633,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of KHC. Sawyer & Company Inc purchased a new position in Kraft Heinz in the fourth quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz during the fourth quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz in the fourth quarter worth approximately $29,000. Larson Financial Group LLC boosted its stake in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock worth $34,000 after acquiring an additional 636 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Kraft Heinz in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 78.17% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. The Goldman Sachs Group lowered their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Morgan Stanley initiated coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 target price on the stock. Piper Sandler reduced their price objective on shares of Kraft Heinz from $35.00 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 target price 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. Three analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $30.73.
Check Out Our Latest Stock Analysis on Kraft Heinz
Kraft Heinz Trading Up 0.5 %
KHC stock traded up $0.16 during mid-day trading on Monday, reaching $30.40. The company had a trading volume of 3,019,979 shares, compared to its average volume of 8,761,218. The firm has a 50 day moving average of $29.99 and a 200 day moving average of $31.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. 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 capitalization of $36.32 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data 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 7.58% and a net margin of 10.62%. On average, equities analysts predict that The Kraft Heinz Company will post 2.68 earnings per share 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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.26%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.
Kraft Heinz Company Profile
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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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