Voloridge Investment Management LLC Purchases 880,561 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Voloridge Investment Management LLC boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 185.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,356,340 shares of the company's stock after purchasing an additional 880,561 shares during the quarter. Voloridge Investment Management LLC owned about 0.11% of Kraft Heinz worth $41,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KHC. Park Avenue Securities LLC grew its stake in shares of Kraft Heinz by 5.1% in the 4th quarter. Park Avenue Securities LLC now owns 19,226 shares of the company's stock worth $590,000 after acquiring an additional 925 shares in the last quarter. Merit Financial Group LLC boosted its stake in Kraft Heinz by 46.4% in the fourth quarter. Merit Financial Group LLC now owns 12,573 shares of the company's stock valued at $386,000 after acquiring an additional 3,986 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Kraft Heinz by 20.8% during the 4th quarter. Arkadios Wealth Advisors now owns 26,123 shares of the company's stock valued at $802,000 after acquiring an additional 4,499 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of Kraft Heinz by 8.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 26,465 shares of the company's stock worth $813,000 after purchasing an additional 2,025 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Kraft Heinz by 32.2% in the 4th quarter. UMB Bank n.a. now owns 4,100 shares of the company's stock worth $126,000 after purchasing an additional 999 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of KHC traded down $0.20 during mid-day trading on Monday, reaching $26.30. 10,298,023 shares of the stock traded hands, compared to its average volume of 9,401,979. The company has a market cap of $31.13 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 1 year low of $26.01 and a 1 year high of $36.53. The firm has a fifty day moving average price of $28.89 and a 200 day moving average price of $29.93. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is currently 73.06%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KHC shares. Bank of America downgraded Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup reiterated a "sell" rating and issued a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Four analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus price target 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.