Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 491,484 shares of the company's stock after purchasing an additional 24,136 shares during the period. Cerity Partners LLC's holdings in Kraft Heinz were worth $14,956,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KHC. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Kraft Heinz during the 4th quarter valued at $29,000. Rossby Financial LCC bought a new position in shares of Kraft Heinz during the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new position in shares of Kraft Heinz during the 1st quarter valued at $33,000. Finally, Pinney & Scofield Inc. bought a new position in Kraft Heinz in the 4th quarter worth $38,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

NASDAQ:KHC traded up $0.10 during mid-day trading on Thursday, hitting $27.68. The company's stock had a trading volume of 4,468,057 shares, compared to its average volume of 10,571,240. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. The stock has a market cap of $32.75 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 3.18 and a beta of 0.25. The business's fifty day moving average is $26.69 and its two-hundred day moving average is $28.66.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors 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 annualized dividend and a dividend yield of 5.78%. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analyst Ratings Changes

A number of brokerages recently commented on KHC. Stifel Nicolaus decreased their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Friday, May 9th. UBS Group decreased their price target on Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Three analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $30.29.

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.