Means Investment CO. Inc. bought a new position in The Kraft Heinz Company (NASDAQ:KHC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,317 shares of the company’s stock, valued at approximately $213,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners acquired a new position in shares of The Kraft Heinz in the 4th quarter valued at $28,000. Inspire Advisors LLC acquired a new position in shares of The Kraft Heinz in the 4th quarter valued at $32,000. DB Wealth Management Group LLC purchased a new stake in The Kraft Heinz during the 4th quarter worth $33,000. Greenhouse Wealth Management LLC purchased a new stake in The Kraft Heinz during the 4th quarter worth $40,000. Finally, D Orazio & Associates Inc. increased its stake in The Kraft Heinz by 62.6% during the 4th quarter. D Orazio & Associates Inc. now owns 1,299 shares of the company’s stock worth $45,000 after buying an additional 500 shares during the period. Institutional investors own 58.93% of the company’s stock.
Shares of NASDAQ:KHC traded down $0.01 during trading on Thursday, reaching $40.63. 71,144 shares of the company’s stock traded hands, compared to its average volume of 7,579,158. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.31 and a quick ratio of 0.96. The Kraft Heinz Company has a 12 month low of $26.61 and a 12 month high of $41.21. The company has a 50 day moving average of $38.53 and a 200-day moving average of $34.05. The stock has a market capitalization of $49.70 billion, a P/E ratio of -101.60, a price-to-earnings-growth ratio of 2.51 and a beta of 1.00.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 10th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. The Kraft Heinz had a negative net margin of 1.92% and a positive return on equity of 6.80%. The business had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. Equities research analysts predict that The Kraft Heinz Company will post 2.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, March 11th. The Kraft Heinz’s payout ratio is 56.14%.
KHC has been the topic of several analyst reports. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $41.00 price target on shares of The Kraft Heinz in a research note on Sunday, March 14th. Stifel Nicolaus boosted their target price on shares of The Kraft Heinz from $33.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, February 12th. Jefferies Financial Group boosted their target price on shares of The Kraft Heinz from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, January 12th. Morgan Stanley boosted their target price on shares of The Kraft Heinz from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 12th. Finally, Credit Suisse Group boosted their target price on shares of The Kraft Heinz from $32.00 to $35.00 and gave the stock an “underperform” rating in a research report on Monday, March 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.14.
The Kraft Heinz Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy, meals, meats and seafood, frozen and chilled foods, packaged drinking pouches, appetizers, nuts and salted snacks, refreshment beverages, coffee, infant and nutrition products, and other grocery products, as well as desserts, dressings, toppings, and baking.
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