Valeo Financial Advisors LLC grew its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,674 shares of the company’s stock after acquiring an additional 3,122 shares during the period. Valeo Financial Advisors LLC’s holdings in Kraft Heinz were worth $908,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Westside Investment Management Inc. lifted its position in shares of Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares during the last quarter. Rational Advisors LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth about $117,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Kraft Heinz in the 2nd quarter worth about $121,000. Cerebellum GP LLC bought a new stake in Kraft Heinz in the 4th quarter valued at about $124,000. Finally, GWM Advisors LLC bought a new stake in Kraft Heinz in the 2nd quarter valued at about $137,000. 62.49% of the stock is owned by institutional investors.
KHC has been the topic of several recent research reports. Jefferies Group started coverage on shares of Kraft Heinz in a research report on Friday, January 19th. They issued a “buy” rating and a $95.00 price objective on the stock. Morgan Stanley set a $88.00 price target on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Bank of America set a $100.00 price target on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Thursday. Barclays restated a “buy” rating and set a $80.00 price target on shares of Kraft Heinz in a research report on Sunday. Finally, Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $91.19.
Kraft Heinz Co (NASDAQ KHC) opened at $70.80 on Monday. The stock has a market cap of $86,291.19, a P/E ratio of 7.90, a PEG ratio of 1.90 and a beta of 0.43. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. Kraft Heinz Co has a 52 week low of $67.65 and a 52 week high of $97.77.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. research analysts expect that Kraft Heinz Co will post 3.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 annualized dividend and a dividend yield of 3.53%. Kraft Heinz’s dividend payout ratio is currently 27.90%.
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About Kraft Heinz
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.
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