Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 799,141 shares of the company's stock after buying an additional 34,689 shares during the period. Alps Advisors Inc. owned 0.07% of Kraft Heinz worth $24,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz in the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in Kraft Heinz in the fourth quarter valued at $29,000. Rossby Financial LCC purchased a new stake in Kraft Heinz in the first quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in Kraft Heinz in the first quarter valued at $33,000. Finally, Pinney & Scofield Inc. purchased a new stake in Kraft Heinz in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, May 9th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $30.29.

Kraft Heinz Trading Up 1.8%

Kraft Heinz stock traded up $0.48 during midday trading on Friday, reaching $26.95. The stock had a trading volume of 35,002,850 shares, compared to its average volume of 10,288,734. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The stock has a market capitalization of $31.90 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 3.09 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. The stock's 50-day simple moving average is $26.77 and its 200 day simple moving average is $28.75.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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 return on equity of 7.37% and a net margin of 10.44%. The firm had revenue of $6 billion for the quarter, compared to analysts' expectations 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. Analysts expect that 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 was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's dividend payout ratio is presently 73.06%.

About Kraft Heinz

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.