The Kraft Heinz Company (NASDAQ:KHC) Position Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,732 shares of the company's stock after purchasing an additional 18,593 shares during the quarter. NewEdge Advisors LLC's holdings in Kraft Heinz were worth $2,141,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in KHC. New York Life Investment Management LLC boosted its stake in shares of Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock valued at $3,995,000 after acquiring an additional 361 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after purchasing an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Kraft Heinz by 1.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after buying an additional 370 shares in the last quarter. Winch Advisory Services LLC raised its position in shares of Kraft Heinz by 20.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after buying an additional 380 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its stake in shares of Kraft Heinz by 5.0% during the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after buying an additional 487 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on KHC. Jefferies Financial Group reduced their price target on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Mizuho cut 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 report on Monday, February 10th. UBS Group cut their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Evercore ISI reaffirmed an "in-line" rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Barclays decreased their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Four research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.69.

Kraft Heinz Stock Down 0.5 %

Shares of NASDAQ KHC traded down $0.15 during trading on Friday, reaching $29.49. 8,152,654 shares of the stock were exchanged, compared to its average volume of 9,067,238. The business's 50-day moving average price is $30.06 and its 200 day moving average price is $30.96. The company has a market capitalization of $35.19 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

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, 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%. As a group, equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

Kraft Heinz Profile

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.