Advisor Group Inc. boosted its position in Kraft Heinz Co (NASDAQ:KHC) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,837 shares of the company’s stock after acquiring an additional 6,769 shares during the period. Advisor Group Inc.’s holdings in Kraft Heinz were worth $3,722,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mountain Capital Investment Advisors Inc bought a new position in shares of Kraft Heinz during the 2nd quarter valued at about $121,000. Rational Advisors LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $117,000. Cerebellum GP LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $124,000. GWM Advisors LLC bought a new position in shares of Kraft Heinz during the 2nd quarter valued at about $137,000. Finally, Oakworth Capital Inc. lifted its holdings in shares of Kraft Heinz by 76.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock valued at $141,000 after purchasing an additional 755 shares in the last quarter. Hedge funds and other institutional investors own 63.24% of the company’s stock.
Several equities analysts have recently weighed in on KHC shares. Barclays reiterated a “buy” rating and set a $80.00 price objective (down previously from $94.00) on shares of Kraft Heinz in a report on Sunday, February 18th. Jefferies Group reiterated a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a report on Friday, February 16th. Bank of America set a $100.00 price objective on Kraft Heinz and gave the company a “buy” rating in a report on Thursday, February 15th. Morgan Stanley set a $88.00 price objective on Kraft Heinz and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, DZ Bank upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $85.78.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. equities analysts expect that Kraft Heinz Co will post 3.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is 76.69%.
Kraft Heinz Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.