Twinbeech Capital LP Makes New $7.77 Million Investment in The Kraft Heinz Company (NASDAQ:KHC)

Twinbeech Capital LP acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 253,155 shares of the company's stock, valued at approximately $7,774,000.

Other large investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its position in shares of 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 valued at $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after buying an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of 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 valued at $1,097,000 after buying an additional 370 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of 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 valued at $307,000 after buying an additional 386 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Kraft Heinz by 3.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company's stock valued at $427,000 after buying an additional 408 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 0.5%

Shares of KHC stock opened at $27.88 on Tuesday. The stock has a market capitalization of $33.00 billion, a PE ratio of 12.34, a P/E/G ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 1-year low of $27.14 and a 1-year high of $36.53. The business has a 50-day moving average of $29.17 and a 200 day moving average of $30.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $6.02 billion. During the same period in the prior year, the business posted $0.69 EPS. Kraft Heinz's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

Analysts Set New Price Targets

KHC has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Citigroup reiterated a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. The Goldman Sachs Group decreased their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, February 13th. Finally, Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and a consensus 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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