Jump Financial LLC Purchases 100,954 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Jump Financial LLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 194.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,984 shares of the company's stock after purchasing an additional 100,954 shares during the period. Jump Financial LLC's holdings in Kraft Heinz were worth $4,698,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC increased its holdings in shares of Kraft Heinz by 57.3% in the 4th quarter. Anchor Investment Management LLC now owns 2,031 shares of the company's stock valued at $62,000 after acquiring an additional 740 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of Kraft Heinz in the 4th quarter valued at about $263,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $360,000. XTX Topco Ltd bought a new stake in Kraft Heinz in the fourth quarter valued at $1,252,000. Finally, CreativeOne Wealth LLC lifted its position in Kraft Heinz by 29.1% in the 4th quarter. CreativeOne Wealth LLC now owns 8,490 shares of the company's stock valued at $261,000 after purchasing an additional 1,914 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Price Performance

NASDAQ:KHC traded up $0.44 during trading hours on Tuesday, reaching $30.38. The company had a trading volume of 1,952,291 shares, compared to its average volume of 9,024,939. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. 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 stock has a 50-day moving average of $30.01 and a two-hundred day moving average of $31.01. The firm has a market capitalization of $36.25 billion, a PE ratio of 13.44, a PEG ratio of 3.39 and a beta of 0.44.

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 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%. Analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.27%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KHC. Piper Sandler reduced their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. UBS Group dropped their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Evercore ISI reiterated an "in-line" rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and an average price target of $30.69.

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.