Onyx Bridge Wealth Group LLC Buys 848 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Onyx Bridge Wealth Group LLC raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,532 shares of the company’s stock after purchasing an additional 848 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Kraft Heinz were worth $981,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KHC. Fairfield Bush & CO. bought a new stake in Kraft Heinz during the first quarter valued at about $65,000. Acadian Asset Management LLC lifted its holdings in Kraft Heinz by 197.7% in the 1st quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock worth $90,000 after purchasing an additional 1,548 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Kraft Heinz by 4.0% in the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock worth $624,000 after purchasing an additional 614 shares during the period. Sei Investments Co. grew its holdings in Kraft Heinz by 208.7% during the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock valued at $4,679,000 after buying an additional 78,677 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $293,000. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KHC shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America lifted their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday. Citigroup started coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $40.57.

Kraft Heinz Trading Up 1.8 %

Shares of KHC traded up $0.67 during trading hours on Friday, reaching $37.78. 9,117,591 shares of the company traded hands, compared to its average volume of 8,138,727. The firm has a market cap of $45.93 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.92 and a beta of 0.67. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $35.91 and its 200 day moving average price is $35.37.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

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.