Arnhold LLC Invests $3.02 Million in The Kraft Heinz Company (NASDAQ:KHC)

Arnhold 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 SEC. The institutional investor purchased 98,281 shares of the company's stock, valued at approximately $3,018,000.

Several other institutional investors have also added to or reduced their stakes in KHC. New York Life Investment Management LLC increased its stake in Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after buying an additional 361 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after purchasing an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock valued at $1,097,000 after purchasing an additional 370 shares during the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after purchasing an additional 380 shares during the last quarter. Finally, Cohen Investment Advisors LLC boosted its holdings in shares of Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after purchasing an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

KHC has been the subject of a number of analyst reports. Jefferies Financial Group lowered their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. UBS Group lowered their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group lowered their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. Finally, Piper Sandler reduced their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.69.

Kraft Heinz Stock Up 0.8 %

Shares of NASDAQ KHC traded up $0.24 during mid-day trading on Wednesday, reaching $29.11. 3,400,048 shares of the company were exchanged, compared to its average volume of 9,135,483. 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 stock has a market cap of $34.74 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.72. The firm has a 50-day moving average of $30.02 and a 200 day moving average of $30.81.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.50%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

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.