Quinn Opportunity Partners LLC Boosts Stake in The Kraft Heinz Company (NASDAQ:KHC)

Quinn Opportunity Partners LLC increased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 73.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,815 shares of the company's stock after purchasing an additional 46,000 shares during the quarter. Quinn Opportunity Partners LLC's holdings in Kraft Heinz were worth $3,342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. New York Life Investment Management LLC boosted its position in shares of Kraft Heinz by 0.3% during the 4th 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 in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after purchasing an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Kraft Heinz by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after acquiring an additional 370 shares in the last quarter. Winch Advisory Services LLC boosted its stake in Kraft Heinz by 20.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock worth $70,000 after purchasing an additional 380 shares in the last quarter. Finally, Cohen Investment Advisors LLC grew its holdings in Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock worth $315,000 after acquiring an additional 487 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

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Analysts Set New Price Targets

KHC has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley assumed coverage on Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective for the company. Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, Jefferies Financial Group dropped their target price on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.67.

Kraft Heinz Trading Down 1.3 %

KHC traded down $0.38 during midday trading on Wednesday, hitting $29.04. 3,222,915 shares of the company were exchanged, compared to its average volume of 10,935,186. The firm's 50 day moving average price is $29.98 and its 200-day moving average price is $31.18. The firm has a market capitalization of $34.66 billion, a P/E ratio of 12.85, a P/E/G ratio of 3.39 and a beta of 0.44. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96.

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

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.51%. Kraft Heinz's dividend payout ratio is presently 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.