NewEdge Advisors LLC Grows Position in The Kraft Heinz Company (NASDAQ:KHC)

NewEdge Advisors LLC increased its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,732 shares of the company's stock after buying an additional 18,593 shares during the quarter. NewEdge Advisors LLC's holdings in Kraft Heinz were worth $2,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York Life Investment Management LLC lifted its position in shares of Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock valued at $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after purchasing an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Kraft Heinz by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after acquiring an additional 370 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after acquiring an additional 380 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its position in shares of Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after buying an additional 487 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on KHC shares. Barclays dropped their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Stifel Nicolaus lowered their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.69.

Kraft Heinz Stock Performance

KHC traded down $0.15 during trading on Friday, hitting $29.49. The stock had a trading volume of 8,152,654 shares, compared to its average volume of 9,091,858. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.72. The firm has a market capitalization of $35.19 billion, a P/E ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company's 50-day moving average price is $30.07 and its 200 day moving average price is $30.87.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend payout ratio is presently 70.80%.

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.