Cooke & Bieler LP Has $68.13 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Cooke & Bieler LP grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,842,241 shares of the company's stock after purchasing an additional 301,294 shares during the period. Cooke & Bieler LP owned approximately 0.15% of Kraft Heinz worth $68,126,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC raised its stake in shares of Kraft Heinz by 69.9% during the first quarter. Ancora Advisors LLC now owns 661 shares of the company's stock valued at $26,000 after purchasing an additional 272 shares during the period. Riverview Trust Co acquired a new stake in Kraft Heinz in the third quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in Kraft Heinz in the third quarter valued at $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Kraft Heinz in the fourth quarter valued at $35,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded up $0.67 on Friday, reaching $37.78. 9,117,769 shares of the company's stock were exchanged, compared to its average volume of 6,747,855. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The business's 50-day moving average is $35.91 and its two-hundred day moving average is $35.41. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.99 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.99 billion. During the same quarter last year, the company earned $0.85 EPS. The company's revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.40 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.24%. Kraft Heinz's dividend payout ratio (DPR) is presently 69.26%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Bank of America upped their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a "buy" rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating on the stock in a report on Thursday, February 15th. Finally, Citigroup initiated coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a "buy" rating and a $43.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.57.

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.