Bard Financial Services Inc. Makes New Investment in The Kraft Heinz Company (NASDAQ:KHC)

Bard Financial Services Inc. bought a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 83,725 shares of the company's stock, valued at approximately $2,548,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KHC. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz during the 4th quarter worth about $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $29,000. OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $36,000. Pinney & Scofield Inc. acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $38,000. Finally, Kennondale Capital Management LLC acquired a new position in Kraft Heinz during the 4th quarter worth approximately $45,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KHC shares. Wall Street Zen raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Citigroup reaffirmed a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and cut their target price for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Morgan Stanley began coverage on Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target for the company. Finally, Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Four investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.35.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded down $0.06 during trading on Thursday, reaching $26.36. The company's stock had a trading volume of 3,005,926 shares, compared to its average volume of 9,524,419. The company has a 50-day moving average price of $28.04 and a two-hundred day moving average price of $29.50. The Kraft Heinz Company has a fifty-two week low of $26.01 and a fifty-two week high of $36.53. The firm has a market cap of $31.20 billion, a PE ratio of 11.66, a P/E/G ratio of 3.39 and a beta of 0.27. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its 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 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 analysts' expectations of $6.02 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The business's revenue was down 6.4% compared to the same quarter last year. On average, analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

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 dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 6.07%. Kraft Heinz's payout ratio is 73.06%.

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.