Kornitzer Capital Management Inc. KS raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 333,622 shares of the company's stock after buying an additional 42,287 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Kraft Heinz were worth $10,246,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in Kraft Heinz by 73.7% during the 4th quarter. Venturi Wealth Management LLC now owns 5,122 shares of the company's stock valued at $157,000 after buying an additional 2,174 shares during the period. Empower Advisory Group LLC boosted its position in Kraft Heinz by 0.3% during the 4th quarter. Empower Advisory Group LLC now owns 2,037,187 shares of the company's stock valued at $62,562,000 after buying an additional 6,771 shares during the period. CIBC Asset Management Inc boosted its position in Kraft Heinz by 2.6% during the 4th quarter. CIBC Asset Management Inc now owns 369,180 shares of the company's stock valued at $11,338,000 after buying an additional 9,394 shares during the period. Americana Partners LLC bought a new position in Kraft Heinz in the 4th quarter worth $7,005,000. Finally, Philip James Wealth Mangement LLC raised its holdings in Kraft Heinz by 1.6% in the 4th quarter. Philip James Wealth Mangement LLC now owns 178,823 shares of the company's stock worth $5,492,000 after purchasing an additional 2,835 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.
Kraft Heinz Stock Up 3.2 %
NASDAQ:KHC traded up $0.97 on Friday, reaching $31.13. 14,695,925 shares of the stock traded hands, compared to its average volume of 10,055,061. The company has a market capitalization of $37.20 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 3.34 and a beta of 0.47. 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 Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company's fifty day simple moving average is $29.74 and its 200 day simple moving average is $32.59.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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%. Equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The business 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.
Wall Street Analyst Weigh In
KHC has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Piper Sandler decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and a consensus target price of $30.86.
Read Our Latest Report on Kraft Heinz
About Kraft Heinz
(
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.
Recommended Stories
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
