57,884 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 57,884 shares of the company's stock, valued at approximately $1,776,000.

Other hedge funds have also made changes to their positions in the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in Kraft Heinz in the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. bought a new stake in Kraft Heinz during the 4th quarter worth about $29,000. R Squared Ltd bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management bought a new position in shares of Kraft Heinz during the fourth quarter worth $36,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KHC. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Sanford C. Bernstein downgraded shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $34.00 to $31.00 in a research report on Tuesday. UBS Group reduced their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Citigroup reissued a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $30.69.

Kraft Heinz Stock Performance

KHC stock traded down $0.15 during trading hours on Friday, reaching $29.49. The stock had a trading volume of 8,152,474 shares, compared to its average volume of 9,067,237. The stock has a 50-day simple moving average of $30.06 and a 200 day simple moving average of $30.96. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The stock has a market capitalization of $35.19 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

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 for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared 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 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend 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.