Lakeshore Capital Group Inc. bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,059 shares of the company's stock, valued at approximately $770,000.
Several other large investors also recently modified their holdings of KHC. Ascent Group LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth $227,000. Forum Financial Management LP grew its position in shares of Kraft Heinz by 56.5% during the 4th quarter. Forum Financial Management LP now owns 19,719 shares of the company's stock valued at $606,000 after acquiring an additional 7,118 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Kraft Heinz in the fourth quarter valued at $7,038,000. Pinney & Scofield Inc. purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $38,000. Finally, Sunbelt Securities Inc. grew its position in Kraft Heinz by 20.3% during the fourth quarter. Sunbelt Securities Inc. now owns 3,061 shares of the company's stock worth $93,000 after buying an additional 517 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Price Performance
Shares of Kraft Heinz stock traded down $0.29 during trading hours on Wednesday, reaching $26.54. The company's stock had a trading volume of 9,081,768 shares, compared to its average volume of 9,416,111. 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 one year low of $26.01 and a one year high of $36.53. The firm has a 50 day moving average price of $28.70 and a 200-day moving average price of $29.84. The stock has a market cap of $31.41 billion, a P/E ratio of 11.74, a P/E/G ratio of 3.39 and a beta of 0.30.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company's quarterly revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.
Analysts Set New Price Targets
Several research firms have weighed in on KHC. The Goldman Sachs Group lowered their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Citigroup reissued a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Wall Street Zen upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Mizuho lowered their target price on Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Morgan Stanley assumed coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective for the company. Four investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat.com, Kraft Heinz has an average rating of "Hold" and an average target price of $30.53.
Read Our Latest Analysis on KHC
About Kraft Heinz
(
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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