Cwm LLC Grows Stock Holdings in Kraft Heinz Company (NASDAQ:KHC)

Cwm LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 638,707 shares of the company's stock after buying an additional 25,426 shares during the period. Cwm LLC owned approximately 0.05% of Kraft Heinz worth $19,436,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KHC. Hara Capital LLC lifted its position 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 acquiring an additional 650 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Kraft Heinz during the fourth quarter valued at $2,482,000. AlphaQuest LLC lifted its holdings in shares of Kraft Heinz by 390,350.0% during the fourth quarter. AlphaQuest LLC now owns 7,809 shares of the company's stock valued at $240,000 after purchasing an additional 7,807 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Kraft Heinz by 21.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 30,606 shares of the company's stock worth $940,000 after buying an additional 5,394 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Kraft Heinz by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,938 shares of the company's stock worth $336,000 after buying an additional 3,126 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $27.14 on Monday. Kraft Heinz Company has a 52-week low of $25.44 and a 52-week high of $36.53. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average is $26.74 and its 200 day moving average is $28.70. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 3.17 and a beta of 0.25.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The firm had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same period in the prior year, the company earned $0.69 EPS. The business's revenue was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business 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 5.90%. Kraft Heinz's payout ratio is presently 73.06%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KHC. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their target price 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. Three equities research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and a consensus target price of $30.29.

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.

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