Wealth Enhancement Advisory Services LLC Has $4.78 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Wealth Enhancement Advisory Services LLC increased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 109.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,614 shares of the company's stock after purchasing an additional 81,159 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kraft Heinz were worth $4,779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KHC. Generali Investments Management Co LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz during the 4th quarter valued at about $29,000. R Squared Ltd bought a new position in Kraft Heinz during the 4th quarter valued at about $34,000. OFI Invest Asset Management acquired a new position in Kraft Heinz in the fourth quarter valued at about $36,000. Finally, Pinney & Scofield Inc. bought a new stake in Kraft Heinz during the fourth quarter worth about $38,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 0.3%

KHC traded down $0.09 during mid-day trading on Wednesday, hitting $26.70. The stock had a trading volume of 14,244,918 shares, compared to its average volume of 9,515,940. The stock's fifty day simple moving average is $28.48 and its 200-day simple moving average is $29.68. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 11.81, 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 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 quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The business 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 firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. As a group, research analysts forecast 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. Investors of record on Friday, May 30th will be given a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.99%. Kraft Heinz's dividend payout ratio is presently 73.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, May 9th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Citigroup reissued a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus dropped their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus 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.