Altrius Capital Management Inc Has $3.59 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Altrius Capital Management Inc increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 96,935 shares of the company’s stock after acquiring an additional 1,159 shares during the period. Altrius Capital Management Inc’s holdings in Kraft Heinz were worth $3,585,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KHC. OFI Invest Asset Management acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $32,000. BKM Wealth Management LLC acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $33,000. Headinvest LLC acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $38,000. Finally, VisionPoint Advisory Group LLC grew its holdings in Kraft Heinz by 326.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after buying an additional 936 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on KHC. Citigroup began coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Bank of America raised their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average price target of $40.57.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded up $0.49 during trading on Monday, reaching $38.65. 6,157,856 shares of the company traded hands, compared to its average volume of 8,009,697. The company’s 50 day moving average is $36.20 and its two-hundred day moving average is $35.61. The firm has a market capitalization of $46.98 billion, a PE ratio of 16.61, a PEG ratio of 3.01 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the company earned $0.85 EPS. Kraft Heinz’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, sell-side analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.14%. Kraft Heinz’s dividend payout ratio is currently 69.26%.

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.