Kendall Capital Management boosted its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,525 shares of the company's stock after purchasing an additional 9,640 shares during the period. Kendall Capital Management's holdings in Kraft Heinz were worth $2,442,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter worth $27,000. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the 4th quarter worth $25,000. Capital Performance Advisors LLP purchased a new position in shares of Kraft Heinz during the 3rd quarter valued at $33,000. Larson Financial Group LLC lifted 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 valued at $34,000 after buying an additional 636 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Kraft Heinz during the 4th quarter valued at $34,000. Institutional investors own 78.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group lowered their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target 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. decreased their price target 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. Finally, Citigroup cut shares of Kraft Heinz from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.86.
Get Our Latest Stock Analysis on Kraft Heinz
Kraft Heinz Stock Performance
Kraft Heinz stock traded up $0.90 during mid-day trading on Friday, reaching $32.18. 15,741,101 shares of the company traded hands, compared to its average volume of 10,335,693. 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 fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a market capitalization of $38.45 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The firm's fifty day moving average is $29.85 and its two-hundred day moving average is $32.27.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz's payout ratio is currently 70.80%.
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.
Further Reading
Before you consider Kraft Heinz, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kraft Heinz wasn't on the list.
While Kraft Heinz currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
