Simon Quick Advisors LLC Invests $477,000 in The Kraft Heinz Company (NASDAQ:KHC)

Simon Quick Advisors LLC acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 15,661 shares of the company's stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KHC. New York Life Investment Management LLC grew its stake in Kraft Heinz by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after buying an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after buying an additional 370 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in Kraft Heinz by 4.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company's stock worth $307,000 after buying an additional 386 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Kraft Heinz by 3.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company's stock worth $427,000 after buying an additional 408 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KHC. Stifel Nicolaus lowered 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. Mizuho set a $29.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley began coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target for the company. Citigroup reissued a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Finally, Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.35.

Kraft Heinz Trading Down 1.4%

Shares of NASDAQ KHC traded down $0.38 during mid-day trading on Friday, hitting $26.08. 12,759,693 shares of the company traded hands, compared to its average volume of 9,550,968. The Kraft Heinz Company has a 1 year low of $26.01 and a 1 year high of $36.53. The stock has a market capitalization of $30.87 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.39 and a beta of 0.27. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $27.97 and a two-hundred day moving average of $29.42.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate 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 during 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. Kraft Heinz's revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.13%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend 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.