Nebula Research & Development LLC Grows Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Nebula Research & Development LLC increased its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 164.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,441 shares of the company's stock after purchasing an additional 9,595 shares during the period. Nebula Research & Development LLC's holdings in Kraft Heinz were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sawyer & Company Inc acquired a new stake in Kraft Heinz during the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $29,000. R Squared Ltd acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new stake in Kraft Heinz during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 0.5 %

Shares of NASDAQ:KHC traded up $0.14 during midday trading on Friday, reaching $28.64. 8,672,936 shares of the company's stock were exchanged, compared to its average volume of 9,119,260. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market cap of $33.90 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.39 and a beta of 0.30. The firm's 50 day simple moving average is $29.86 and its two-hundred day simple moving average is $30.70. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $36.75.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.59%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is currently 73.06%.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $38.00 to $31.00 in a research note on Monday, February 10th. TD Cowen reduced their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.63.

Kraft Heinz Company 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.