Koss Olinger Consulting LLC Invests $594,000 in The Kraft Heinz Company (NASDAQ:KHC)

Koss Olinger Consulting LLC acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,351 shares of the company's stock, valued at approximately $594,000.

Several other institutional investors and hedge funds also recently modified their holdings of KHC. Sawyer & Company Inc purchased a new stake in Kraft Heinz during the 4th quarter worth $25,000. Larson Financial Group LLC increased its position in shares of Kraft Heinz by 191.0% during the third 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. R Squared Ltd acquired a new position in shares of Kraft Heinz in the fourth quarter worth about $34,000. OFI Invest Asset Management purchased a new position in Kraft Heinz in the fourth quarter valued at about $36,000. Finally, Kennondale Capital Management LLC acquired a new stake in Kraft Heinz during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of recent analyst reports. Citigroup lowered Kraft Heinz from a "buy" rating to a "neutral" rating and cut their target price for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. Stifel Nicolaus cut their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Barclays reduced their price objective 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. 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 research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.86.

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Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded down $0.19 during trading on Friday, hitting $29.52. 25,259,861 shares of the stock were exchanged, compared to its average volume of 8,484,177. The stock has a market cap of $35.28 billion, a PE ratio of 13.06, a P/E/G ratio of 3.39 and a beta of 0.40. The stock's fifty day moving average is $29.92 and its 200 day moving average is $31.93. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

About Kraft Heinz

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.