TCG Advisory Services LLC Has $534,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

TCG Advisory Services LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 80.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,447 shares of the company’s stock after purchasing an additional 6,454 shares during the period. TCG Advisory Services LLC’s holdings in Kraft Heinz were worth $534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in shares of Kraft Heinz by 2.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 386,399 shares of the company’s stock valued at $12,998,000 after purchasing an additional 7,491 shares in the last quarter. Raymond James & Associates raised its holdings in Kraft Heinz by 19.4% during the third quarter. Raymond James & Associates now owns 913,878 shares of the company’s stock valued at $30,743,000 after buying an additional 148,673 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Kraft Heinz by 2.0% in the third quarter. Stratos Wealth Partners LTD. now owns 36,634 shares of the company’s stock worth $1,232,000 after buying an additional 723 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Kraft Heinz by 8.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,447 shares of the company’s stock worth $419,000 after acquiring an additional 996 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in shares of Kraft Heinz by 2.8% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 390,500 shares of the company’s stock valued at $13,136,000 after acquiring an additional 10,500 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KHC. Bank of America upped their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Wells Fargo & Company cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 target price for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has an average rating of “Hold” and an average price target of $39.50.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded down $0.37 during trading on Friday, hitting $36.35. 7,102,855 shares of the company’s stock traded hands, compared to its average volume of 7,314,267. The company has a market cap of $44.14 billion, a PE ratio of 15.87, a PEG ratio of 2.89 and a beta of 0.65. The firm’s fifty day moving average price is $36.35 and its 200 day moving average price is $35.81. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.54.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 annualized dividend and a yield of 4.40%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

About Kraft Heinz

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.