The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lifted by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC raised its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,142 shares of the company's stock after purchasing an additional 10,399 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Kraft Heinz were worth $1,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KHC. Sumitomo Mitsui Trust Group Inc. grew its stake in Kraft Heinz by 1.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,688,249 shares of the company's stock valued at $82,556,000 after purchasing an additional 49,827 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Kraft Heinz by 1.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 115,107 shares of the company's stock worth $3,535,000 after acquiring an additional 1,817 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Kraft Heinz by 12.0% during the 4th quarter. Cidel Asset Management Inc. now owns 7,858 shares of the company's stock worth $241,000 after acquiring an additional 845 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Kraft Heinz by 4.9% during the 4th quarter. Apollon Wealth Management LLC now owns 21,883 shares of the company's stock worth $672,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Kraft Heinz by 22.9% during the 4th quarter. Empowered Funds LLC now owns 102,377 shares of the company's stock worth $3,144,000 after acquiring an additional 19,056 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of KHC stock opened at $26.73 on Monday. The stock has a 50 day moving average of $28.26 and a two-hundred day moving average of $29.58. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $26.01 and a 12 month high of $36.53. The company has a market capitalization of $31.64 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.39 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $6.02 billion. During the same period in the prior year, the firm posted $0.69 EPS. Kraft Heinz's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current 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 $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.99%. Kraft Heinz's payout ratio is presently 73.06%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KHC. Bank of America downgraded Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Morgan Stanley began coverage on Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 price target for the company. Wells Fargo & Company decreased their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research note on Friday, May 9th. Finally, Piper Sandler decreased their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and an average target price of $30.53.

About Kraft Heinz

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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