Altrius Capital Management Inc Boosts Stake in Kraft Heinz Company (NASDAQ:KHC)

Altrius Capital Management Inc lifted its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,765 shares of the company's stock after acquiring an additional 19,049 shares during the period. Altrius Capital Management Inc's holdings in Kraft Heinz were worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in KHC. Venturi Wealth Management LLC boosted its stake in shares of Kraft Heinz by 73.7% in the fourth quarter. Venturi Wealth Management LLC now owns 5,122 shares of the company's stock worth $157,000 after acquiring an additional 2,174 shares during the last quarter. Hara Capital LLC lifted its position in Kraft Heinz by 61.9% during the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after buying an additional 650 shares in the last quarter. Private Advisor Group LLC lifted its position in Kraft Heinz by 5.4% during the fourth quarter. Private Advisor Group LLC now owns 67,612 shares of the company's stock worth $2,076,000 after buying an additional 3,470 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Kraft Heinz by 29.1% during the fourth quarter. Handelsbanken Fonder AB now owns 420,974 shares of the company's stock worth $12,928,000 after buying an additional 94,871 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. lifted its position in Kraft Heinz by 13.2% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 210,753 shares of the company's stock worth $6,472,000 after buying an additional 24,616 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.5%

Shares of NASDAQ:KHC traded up $0.12 on Monday, hitting $25.92. 15,040,525 shares of the company's stock were exchanged, compared to its average volume of 9,686,784. The firm's 50-day moving average is $27.66 and its 200 day moving average is $29.19. The company has a market capitalization of $30.68 billion, a PE ratio of 11.84, a P/E/G ratio of 3.02 and a beta of 0.27. Kraft Heinz Company has a 1-year low of $25.53 and a 1-year 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.

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, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 6.17%. Kraft Heinz's dividend payout ratio is currently 73.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KHC shares. Mizuho set a $29.00 price objective 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 reduced their target price for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Friday, May 9th. Morgan Stanley initiated coverage on Kraft Heinz in a research report on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock. Finally, Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.35.

About Kraft Heinz

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.