Opinicus Capital Inc. Purchases Shares of 6,263 The Kraft Heinz Company (NASDAQ:KHC)

Opinicus Capital Inc. acquired a new position in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,263 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors have also recently made changes to their positions in KHC. OFI Invest Asset Management purchased a new stake in Kraft Heinz in the 3rd quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Kraft Heinz in the 4th quarter valued at about $32,000. BKM Wealth Management LLC purchased a new stake in Kraft Heinz in the 4th quarter valued at about $33,000. Headinvest LLC bought a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $38,000. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Kraft Heinz by 326.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock worth $41,000 after acquiring an additional 936 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

NASDAQ KHC traded down $0.21 during mid-day trading on Friday, reaching $38.16. 5,342,375 shares of the stock were exchanged, compared to its average volume of 6,515,615. The business’s 50 day moving average is $36.20 and its 200-day moving average is $35.59. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The company has a market capitalization of $46.39 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.01 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.

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

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.19%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KHC. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Citigroup began coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $40.57.

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.