Pingora Partners LLC Acquires 14,248 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Pingora Partners LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 59.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,148 shares of the company's stock after acquiring an additional 14,248 shares during the period. Kraft Heinz accounts for about 0.8% of Pingora Partners LLC's holdings, making the stock its 28th biggest position. Pingora Partners LLC's holdings in Kraft Heinz were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after acquiring an additional 14,996,486 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kraft Heinz by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after purchasing an additional 595,406 shares in the last quarter. Norges Bank bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $324,857,000. Nordea Investment Management AB boosted its holdings in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Kraft Heinz by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,525,110 shares of the company's stock worth $200,369,000 after acquiring an additional 174,706 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded down $0.15 during trading on Friday, hitting $29.49. The company had a trading volume of 8,152,654 shares, compared to its average volume of 9,091,858. The stock has a 50 day simple moving average of $30.07 and a 200 day simple moving average of $30.87. The firm has a market capitalization of $35.19 billion, a P/E 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 quick ratio of 0.59 and a current ratio of 1.06. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.72.

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

Kraft Heinz Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup restated a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Evercore ISI reiterated an "in-line" rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Stifel Nicolaus cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Piper Sandler dropped their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company's stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.69.

Kraft Heinz Company 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.