11,960 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Alpha Family Trust

Alpha Family Trust bought a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,960 shares of the company's stock, valued at approximately $367,000.

A number of other institutional investors also recently modified their holdings of KHC. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the last quarter. Norges Bank bought a new position in Kraft Heinz in the fourth quarter valued at approximately $324,857,000. Criteria Caixa S.A.U. acquired a new stake in Kraft Heinz during the 4th quarter worth $73,316,000. Thompson Siegel & Walmsley LLC raised its position in shares of Kraft Heinz by 96.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after acquiring an additional 1,403,220 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $39,339,000. 78.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

KHC has been the subject of a number of analyst reports. UBS Group decreased their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Citigroup restated a "sell" rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of "Hold" and a consensus target price of $30.63.

Kraft Heinz Price Performance

Shares of KHC opened at $28.64 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $36.75. The stock has a market capitalization of $34.18 billion, a P/E ratio of 12.67, a P/E/G ratio of 3.39 and a beta of 0.44. The company has a 50 day moving average of $29.86 and a 200-day moving average of $30.70.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.59%. Kraft Heinz's payout ratio is presently 70.80%.

Kraft Heinz Profile

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.

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