Litman Gregory Wealth Management LLC Purchases 1,453 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Litman Gregory Wealth Management LLC increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after buying an additional 1,453 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Kraft Heinz were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Kraft Heinz by 0.6% in the third quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock worth $2,362,053,000 after purchasing an additional 417,115 shares during the period. State Street Corp grew its holdings in Kraft Heinz by 4.4% in the first quarter. State Street Corp now owns 33,344,178 shares of the company’s stock worth $1,313,427,000 after purchasing an additional 1,397,795 shares during the period. Invesco Ltd. grew its holdings in Kraft Heinz by 10.7% in the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock worth $827,581,000 after purchasing an additional 2,369,080 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Kraft Heinz by 1,835.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock worth $794,964,000 after purchasing an additional 18,518,584 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Kraft Heinz by 1.1% in the first quarter. Geode Capital Management LLC now owns 15,062,665 shares of the company’s stock worth $581,169,000 after purchasing an additional 161,170 shares during the period. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup started coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Bank of America lifted their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday. Finally, Wells Fargo & Company reduced their price objective 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.57.

Kraft Heinz Stock Performance

KHC stock traded up $0.67 during mid-day trading on Friday, hitting $37.78. The company had a trading volume of 9,117,591 shares, compared to its average volume of 8,138,727. The firm has a market cap of $45.93 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.47. The stock’s fifty day moving average price is $35.91 and its two-hundred day moving average price is $35.37.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.24%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is 69.26%.

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.