First Trust Advisors LP boosted its stake in Kraft Heinz Co (NASDAQ:KHC) by 15.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 366,824 shares of the company’s stock after acquiring an additional 49,695 shares during the quarter. First Trust Advisors LP’s holdings in Kraft Heinz were worth $11,786,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Carmichael Hill & Associates Inc. bought a new position in Kraft Heinz in the 4th quarter valued at approximately $28,000. Atlas Capital Advisors LLC lifted its stake in Kraft Heinz by 70.0% in the 4th quarter. Atlas Capital Advisors LLC now owns 1,700 shares of the company’s stock valued at $55,000 after purchasing an additional 700 shares during the last quarter. Resources Management Corp CT ADV bought a new position in Kraft Heinz in the 3rd quarter valued at approximately $465,000. State Street Corp lifted its stake in Kraft Heinz by 3.4% in the 3rd quarter. State Street Corp now owns 29,811,249 shares of the company’s stock valued at $832,777,000 after purchasing an additional 979,962 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in Kraft Heinz by 9.5% in the 4th quarter. AE Wealth Management LLC now owns 9,775 shares of the company’s stock valued at $314,000 after purchasing an additional 848 shares during the last quarter. 57.09% of the stock is owned by institutional investors and hedge funds.
KHC stock opened at $26.88 on Friday. The company has a fifty day moving average price of $30.55 and a 200-day moving average price of $29.50. The company has a market capitalization of $33.91 billion, a P/E ratio of 7.91, a PEG ratio of 1.81 and a beta of 0.84. Kraft Heinz Co has a 52-week low of $24.86 and a 52-week high of $48.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.00.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Kraft Heinz had a net margin of 7.75% and a return on equity of 5.93%. The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the company posted $0.84 earnings per share. Kraft Heinz’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Kraft Heinz Co will post 2.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.95%. Kraft Heinz’s dividend payout ratio (DPR) is presently 56.14%.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating and set a $30.00 price objective for the company. in a research note on Tuesday, October 22nd. Deutsche Bank dropped their price objective on shares of Kraft Heinz from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Friday. Cfra dropped their price target on shares of Kraft Heinz from $33.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $30.00 price target on shares of Kraft Heinz in a research note on Friday. Finally, UBS Group dropped their price target on shares of Kraft Heinz from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a sell rating and eighteen have given a hold rating to the company. Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $30.95.
Kraft Heinz Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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