24,909 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,909 shares of the company's stock, valued at approximately $765,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KHC. Captrust Financial Advisors raised its stake in Kraft Heinz by 71.8% during the 4th quarter. Captrust Financial Advisors now owns 111,341 shares of the company's stock valued at $3,419,000 after purchasing an additional 46,542 shares during the period. Caxton Associates LP grew its holdings in Kraft Heinz by 66.6% during the 4th quarter. Caxton Associates LP now owns 60,471 shares of the company's stock valued at $1,857,000 after buying an additional 24,163 shares in the last quarter. Banque de Luxembourg S.A. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $1,511,000. Benjamin Edwards Inc. raised its position in shares of Kraft Heinz by 50.0% during the fourth quarter. Benjamin Edwards Inc. now owns 18,166 shares of the company's stock valued at $558,000 after buying an additional 6,057 shares during the last quarter. Finally, Alpha Family Trust purchased a new position in shares of Kraft Heinz in the fourth quarter worth $367,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 0.2 %

KHC opened at $28.59 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock's 50 day moving average price is $29.82 and its 200-day moving average price is $30.58. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $36.70. The stock has a market cap of $33.84 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 3.39 and a beta of 0.30.

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, topping analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. On average, equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.60%. Kraft Heinz's dividend payout ratio (DPR) is 73.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KHC. UBS Group reduced their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Citigroup reiterated a "sell" rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Morgan Stanley assumed coverage on Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target for the company. Evercore ISI reaffirmed an "in-line" rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $30.63.

Kraft Heinz Company 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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