Janney Montgomery Scott LLC raised its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 332,414 shares of the company's stock after acquiring an additional 27,740 shares during the period. Janney Montgomery Scott LLC's holdings in Kraft Heinz were worth $10,115,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Kraft Heinz by 67.3% during the 4th quarter. Allworth Financial LP now owns 22,719 shares of the company's stock valued at $660,000 after buying an additional 9,139 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of Kraft Heinz by 86.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 11,677 shares of the company's stock valued at $359,000 after buying an additional 5,404 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Kraft Heinz by 73.7% during the 4th quarter. Venturi Wealth Management LLC now owns 5,122 shares of the company's stock valued at $157,000 after buying an additional 2,174 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at $140,000. Finally, Hara Capital LLC grew its stake in shares of Kraft Heinz by 61.9% during 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 during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Stock Up 0.5%
Shares of KHC stock traded up $0.12 during trading hours on Friday, hitting $25.80. 24,837,077 shares of the company were exchanged, compared to its average volume of 9,665,274. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. Kraft Heinz Company has a one year low of $25.53 and a one year high of $36.53. The business's 50-day simple moving average is $27.66 and its two-hundred day simple moving average is $29.20. The stock has a market capitalization of $30.54 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 3.02 and a beta of 0.27.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company posted $0.69 earnings per share. Kraft Heinz's revenue was down 6.4% on a year-over-year basis. Sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued 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 dividend yield of 6.20%. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on KHC. Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Citigroup reaffirmed a "sell" rating and set a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, May 9th. Morgan Stanley began coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a "sell" rating for the company in a research report on Monday, June 9th. Four investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and a consensus price target of $30.35.
Check Out Our Latest Analysis on KHC
Kraft Heinz Profile
(
Free Report)
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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