New Age Alpha Advisors LLC Has $1.05 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

New Age Alpha Advisors LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7,796.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,192 shares of the company's stock after buying an additional 33,759 shares during the quarter. New Age Alpha Advisors LLC's holdings in Kraft Heinz were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in KHC. Vanguard Group Inc. increased its holdings in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the period. State Street Corp grew its position in Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC increased its stake in Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after buying an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Kraft Heinz during the 3rd quarter valued at $411,304,000. Finally, Norges Bank acquired a new position in shares of Kraft Heinz in the fourth quarter worth $324,857,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 2.3 %

Shares of KHC stock traded up $0.68 during trading hours on Thursday, hitting $30.81. 11,917,584 shares of the company were exchanged, compared to its average volume of 8,797,883. The company has a market capitalization of $36.77 billion, a PE ratio of 13.63, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The business has a 50 day moving average of $30.05 and a two-hundred day moving average of $31.60. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted 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 return on equity of 7.58% and a net margin of 10.62%. Analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 28th. Investors 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 5.19%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays dropped their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their target price for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Wells Fargo & Company decreased their price objective on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Finally, UBS Group decreased their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz has an average rating of "Hold" and an average price target of $30.73.

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.