Mufg Securities Americas Inc. Acquires Shares of 13,030 The Kraft Heinz Company (NASDAQ:KHC)

Mufg Securities Americas Inc. 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 disclosure with the Securities and Exchange Commission. The firm acquired 13,030 shares of the company's stock, valued at approximately $400,000.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Kraft Heinz during the 4th quarter worth approximately $2,048,000. FLC Capital Advisors boosted its holdings in Kraft Heinz by 121.0% during the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after purchasing an additional 10,214 shares during the last quarter. SG Americas Securities LLC grew its position 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 purchasing an additional 35,725 shares in the last quarter. 1834 Investment Advisors Co. acquired a new stake in Kraft Heinz in the 4th quarter valued at $470,000. Finally, Sound Income Strategies LLC lifted its position in Kraft Heinz by 124.0% during the 4th quarter. Sound Income Strategies LLC now owns 275,675 shares of the company's stock worth $8,466,000 after buying an additional 152,584 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Up 0.1%

KHC traded up $0.02 on Tuesday, reaching $27.90. 9,337,678 shares of the company traded hands, compared to its average volume of 10,708,688. The firm has a fifty day simple moving average of $29.17 and a two-hundred day simple moving average of $30.11. 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 Kraft Heinz Company has a one year low of $27.14 and a one year high of $36.53. The company has a market cap of $33.02 billion, a P/E 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 quarterly earnings data 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. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on KHC shares. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. 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. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price target for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Cfra Research lowered Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, Citigroup reissued a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $30.65.

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.