Alps Advisors Inc. Has $24.32 Million Stock Holdings in Kraft Heinz Company (NASDAQ:KHC)

Alps Advisors Inc. increased its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 799,141 shares of the company's stock after buying an additional 34,689 shares during the quarter. Alps Advisors Inc. owned 0.07% of Kraft Heinz worth $24,318,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hara Capital LLC boosted its stake in Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after buying an additional 650 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Kraft Heinz in the 4th quarter valued at $2,482,000. Raymond James Financial Inc. acquired a new stake in Kraft Heinz in the 4th quarter valued at $39,339,000. PNC Financial Services Group Inc. boosted its stake in Kraft Heinz by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 207,634 shares of the company's stock valued at $6,376,000 after buying an additional 6,697 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Kraft Heinz by 390,350.0% in the 4th quarter. AlphaQuest LLC now owns 7,809 shares of the company's stock valued at $240,000 after buying an additional 7,807 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KHC. Wells Fargo & Company dropped their target price on Kraft Heinz from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday. Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Sanford C. Bernstein downgraded Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.29.

Kraft Heinz Stock Up 0.1%

NASDAQ KHC traded up $0.02 during trading hours on Thursday, hitting $26.47. 15,835,536 shares of the company traded hands, compared to its average volume of 10,180,159. The business's 50-day moving average is $26.81 and its 200-day moving average is $28.78. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. 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 has a market capitalization of $31.33 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 3.09 and a beta of 0.25.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) 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 company had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the firm posted $0.69 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. Sell-side analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.04%. Kraft Heinz's 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.