Two Sigma Advisers LP Boosts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Two Sigma Advisers LP boosted its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 545.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,600 shares of the company's stock after purchasing an additional 148,400 shares during the period. Two Sigma Advisers LP's holdings in Kraft Heinz were worth $5,393,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its position in shares of Kraft Heinz by 46.4% in the 4th quarter. Merit Financial Group LLC now owns 12,573 shares of the company's stock worth $386,000 after purchasing an additional 3,986 shares during the period. SG Americas Securities LLC lifted its holdings in Kraft Heinz by 511.7% in the fourth quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock valued at $1,312,000 after buying an additional 35,725 shares during the period. Mutual Advisors LLC boosted its position in Kraft Heinz by 8.6% during the fourth quarter. Mutual Advisors LLC now owns 16,096 shares of the company's stock valued at $466,000 after acquiring an additional 1,281 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Kraft Heinz by 10.1% during the 4th quarter. Avior Wealth Management LLC now owns 28,255 shares of the company's stock worth $868,000 after acquiring an additional 2,591 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth about $354,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KHC. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of 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 lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Friday, May 9th. Stifel Nicolaus reduced their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley assumed coverage on Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 price target on the stock. Four analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.53.

Kraft Heinz Stock Up 1.5%

Kraft Heinz stock traded up $0.40 during midday trading on Thursday, hitting $26.94. 7,547,977 shares of the stock were exchanged, compared to its average volume of 9,412,104. The Kraft Heinz Company has a 52-week low of $26.01 and a 52-week 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's 50-day moving average price is $28.70 and its 200-day moving average price is $29.84. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The firm 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 company's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.94%. Kraft Heinz's dividend payout ratio (DPR) is presently 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.