Shell Asset Management Co. Has $1.47 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Shell Asset Management Co. increased its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,887 shares of the company's stock after purchasing an additional 21,138 shares during the period. Shell Asset Management Co.'s holdings in Kraft Heinz were worth $1,471,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Park Avenue Securities LLC increased its position in Kraft Heinz by 5.1% in the fourth quarter. Park Avenue Securities LLC now owns 19,226 shares of the company's stock worth $590,000 after buying an additional 925 shares during the period. Ritholtz Wealth Management acquired a new stake in Kraft Heinz in the fourth quarter worth $840,000. KMG Fiduciary Partners LLC acquired a new stake in Kraft Heinz in the fourth quarter worth $1,620,000. Tompkins Financial Corp increased its holdings in shares of Kraft Heinz by 175.2% during the fourth quarter. Tompkins Financial Corp now owns 2,174 shares of the company's stock valued at $67,000 after purchasing an additional 1,384 shares during the period. Finally, Merit Financial Group LLC increased its holdings in shares of Kraft Heinz by 46.4% during the fourth 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 period. Institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KHC shares. Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Morgan Stanley started coverage on Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target on the stock. Wells Fargo & Company lowered their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Barclays lowered their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $30.65.

Kraft Heinz Stock Up 0.1%

NASDAQ:KHC traded up $0.02 on Tuesday, hitting $27.90. 9,482,936 shares of the company's stock traded hands, compared to its average volume of 9,267,911. 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 1 year low of $27.14 and a 1 year high of $36.53. The firm has a 50-day moving average price of $29.13 and a 200-day moving average price of $30.09. The company has a market cap of $33.02 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share 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 company had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The business's revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.73%. Kraft Heinz's payout ratio is 73.06%.

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.