Mork Capital Management LLC Invests $1 Million in The Kraft Heinz Company (NASDAQ:KHC)

Mork Capital Management LLC purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,600 shares of the company's stock, valued at approximately $1,001,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $36,000. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research reports. Bank of America cut Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Wells Fargo & Company lowered their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, Citigroup reiterated a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Four investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.65.

Kraft Heinz Price Performance

Shares of KHC stock traded up $0.25 during trading hours on Friday, hitting $27.74. 8,892,694 shares of the company's stock were exchanged, compared to its average volume of 9,238,470. The stock's 50-day moving average is $29.29 and its 200-day moving average is $30.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market cap of $32.83 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 52 week low of $27.14 and a 52 week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The company 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%. Kraft Heinz'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. As a group, research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is currently 73.06%.

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.