Tower Research Capital LLC TRC Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Tower Research Capital LLC TRC grew its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 150.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,530 shares of the company's stock after purchasing an additional 59,820 shares during the quarter. Tower Research Capital LLC TRC's holdings in Kraft Heinz were worth $3,057,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KHC. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz during the 4th quarter worth $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $36,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC traded down $0.15 during midday trading on Friday, hitting $29.49. 8,152,654 shares of the company's stock were exchanged, compared to its average volume of 9,067,238. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The business's fifty day moving average price is $30.06 and its two-hundred day moving average price is $30.96. The company has a market cap of $35.19 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.

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

Kraft Heinz Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on KHC shares. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Evercore ISI reiterated an "in-line" rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Citigroup reaffirmed a "sell" rating and set a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Finally, Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $34.00 to $31.00 in a report on Tuesday. Four investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $30.69.

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.