United Capital Financial Advisors LLC Acquires 11,436 Shares of The Kraft Heinz Company (NASDAQ:KHC)

United Capital Financial Advisors LLC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 108.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,012 shares of the company's stock after buying an additional 11,436 shares during the period. United Capital Financial Advisors LLC's holdings in Kraft Heinz were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after purchasing an additional 14,996,486 shares in the last quarter. Norges Bank acquired a new stake in Kraft Heinz during the fourth quarter worth about $324,857,000. Thompson Siegel & Walmsley LLC increased its holdings in Kraft Heinz by 96.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after buying an additional 1,403,220 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $39,339,000. Finally, Nordea Investment Management AB lifted 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 worth $269,906,000 after acquiring an additional 1,238,200 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Up 2.3 %

Shares of KHC stock opened at $29.46 on Friday. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. 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 stock has a market cap of $35.16 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.39 and a beta of 0.44. The stock has a 50-day moving average of $29.98 and a 200-day moving average of $31.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its 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 net margin of 10.62% and a return on equity of 7.58%. 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 company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is currently 70.80%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KHC shares. TD Cowen lowered their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research report on Thursday, February 13th. Piper Sandler decreased their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Jefferies Financial Group decreased their price target on shares of 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 assigned a hold rating to the company's stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and a consensus target price of $30.67.

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.

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