The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 95.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,790 shares of the company's stock after buying an additional 14,554 shares during the period. White Knight Strategic Wealth Advisors LLC's holdings in Kraft Heinz were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC increased its position in shares of Kraft Heinz by 5.1% during the fourth quarter. Park Avenue Securities LLC now owns 19,226 shares of the company's stock valued at $590,000 after acquiring an additional 925 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $840,000. Merit Financial Group LLC increased its holdings in Kraft Heinz by 46.4% in the 4th quarter. Merit Financial Group LLC now owns 12,573 shares of the company's stock valued at $386,000 after purchasing an additional 3,986 shares during the last quarter. Arkadios Wealth Advisors raised its position in Kraft Heinz by 20.8% in the fourth quarter. Arkadios Wealth Advisors now owns 26,123 shares of the company's stock valued at $802,000 after purchasing an additional 4,499 shares during the period. Finally, Ameritas Advisory Services LLC lifted its stake in Kraft Heinz by 8.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 26,465 shares of the company's stock worth $813,000 after purchasing an additional 2,025 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $27.88 on Tuesday. The Kraft Heinz Company has a 12 month low of $27.14 and a 12 month high of $36.53. 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 firm has a market capitalization of $33.00 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The business's fifty day moving average price is $29.17 and its 200 day moving average price is $30.11.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.74%. Kraft Heinz's payout ratio is currently 73.06%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research reports. Jefferies Financial Group dropped their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Citigroup reaffirmed a "sell" rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, May 9th. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of "Hold" and an average target price of $30.65.

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.

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