Aviso Financial Inc. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 25,449.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,585 shares of the company's stock after acquiring an additional 15,524 shares during the quarter. Aviso Financial Inc.'s holdings in Kraft Heinz were worth $479,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth about $27,000. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $25,000. Larson Financial Group LLC raised its position in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock worth $34,000 after acquiring an additional 636 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $36,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.
Kraft Heinz Price Performance
Shares of Kraft Heinz stock traded down $0.50 during trading on Wednesday, reaching $29.89. The company's stock had a trading volume of 14,541,720 shares, compared to its average volume of 8,403,398. 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 12-month low of $27.25 and a 12-month high of $38.96. The company has a market capitalization of $35.72 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The business has a 50 day moving average price of $29.89 and a 200-day moving average price of $32.03.
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 for the quarter, beating 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, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.35%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. 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 report on Thursday, February 13th. Piper Sandler dropped their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price target on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, February 13th. Barclays dropped their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.86.
Read Our Latest Stock Report on KHC
About Kraft Heinz
(
Free Report)
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.
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