Wedbush Securities Inc. Has $882,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Wedbush Securities Inc. grew its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,719 shares of the company's stock after acquiring an additional 9,835 shares during the quarter. Wedbush Securities Inc.'s holdings in Kraft Heinz were worth $882,000 at the end of the most recent quarter.

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

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Kraft Heinz Stock Performance

NASDAQ:KHC traded up $0.49 during mid-day trading on Friday, hitting $29.33. The stock had a trading volume of 9,710,435 shares, compared to its average volume of 9,036,577. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. 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 stock has a market cap of $35.00 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.39 and a beta of 0.44. The company's 50 day simple moving average is $29.95 and its 200 day simple moving average is $31.25.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KHC. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Barclays cut their target price 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. Piper Sandler decreased their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus lowered their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Finally, Citigroup restated a "sell" rating and set a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $30.67.

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.