J.W. Cole Advisors Inc. Purchases 67,679 Shares of Kraft Heinz Company (NASDAQ:KHC)

J.W. Cole Advisors Inc. lifted its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 579.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,356 shares of the company's stock after buying an additional 67,679 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Kraft Heinz were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Hara Capital LLC raised its stake in shares of Kraft Heinz by 61.9% in the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 650 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Kraft Heinz by 4.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,155 shares of the company's stock worth $1,708,000 after acquiring an additional 2,527 shares in the last quarter. Mizuho Securities USA LLC raised its stake in Kraft Heinz by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 83,660 shares of the company's stock worth $2,569,000 after acquiring an additional 26,426 shares in the last quarter. American Century Companies Inc. raised its stake in Kraft Heinz by 29.0% during the fourth quarter. American Century Companies Inc. now owns 922,109 shares of the company's stock worth $28,318,000 after acquiring an additional 207,516 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Kraft Heinz during the fourth quarter worth $9,755,000. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on KHC. Stifel Nicolaus dropped their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Citigroup reiterated a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Friday, May 9th. UBS Group reduced their target price on Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and raised their target price for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $30.29.

Kraft Heinz Stock Down 1.2%

KHC stock opened at $27.48 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $32.52 billion, a PE ratio of 12.55, a PEG ratio of 3.26 and a beta of 0.25. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53. The business's 50 day simple moving average is $26.68 and its 200 day simple moving average is $28.60.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly 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. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. As a group, research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.82%. 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.

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