White Knight Strategic Wealth Advisors LLC Has $915,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

White Knight Strategic Wealth Advisors LLC grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 95.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,790 shares of the company's stock after purchasing an additional 14,554 shares during the quarter. 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.

Several other institutional investors and hedge funds have also modified their holdings of KHC. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz during the 4th quarter worth $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz during the 4th quarter worth $29,000. R Squared Ltd bought a new stake in Kraft Heinz during the fourth quarter valued at about $34,000. OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $36,000. Finally, Kennondale Capital Management LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Down 0.8%

KHC stock traded down $0.20 during midday trading on Friday, reaching $26.30. The stock had a trading volume of 10,298,023 shares, compared to its average volume of 9,401,979. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a twelve month low of $26.01 and a twelve month high of $36.53. 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 fifty day simple moving average of $28.89 and a two-hundred day simple moving average of $29.95.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Kraft Heinz's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm 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 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley assumed coverage on Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Barclays decreased their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Piper Sandler cut their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Finally, Wall Street Zen upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and a consensus target price of $30.65.

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.