9,811 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Kera Capital Partners Inc.

Kera Capital Partners Inc. acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,811 shares of the company's stock, valued at approximately $299,000.

Other large investors have also modified their holdings of the company. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz during the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $29,000. R Squared Ltd purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $34,000. OFI Invest Asset Management purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $36,000. Finally, Pinney & Scofield Inc. purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $38,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KHC shares. Mizuho set a $29.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. The Goldman Sachs Group dropped their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Finally, Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Four research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.53.

Kraft Heinz Stock Down 0.6%

KHC traded down $0.17 during trading on Monday, hitting $26.57. The company had a trading volume of 5,024,713 shares, compared to its average volume of 9,447,762. The company has a market cap of $31.44 billion, a PE ratio of 11.75, a P/E/G ratio of 3.39 and a beta of 0.30. The business has a 50-day moving average of $28.61 and a 200-day moving average of $29.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 1-year low of $26.01 and a 1-year high of $36.53.

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 for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter last year, the company earned $0.69 EPS. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is 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.