NorthRock Partners LLC raised its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 32.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,790 shares of the company's stock after purchasing an additional 61,527 shares during the quarter. NorthRock Partners LLC's holdings in Kraft Heinz were worth $7,702,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after buying an additional 14,996,486 shares during the period. Norges Bank acquired a new position in shares of Kraft Heinz during the 4th quarter worth $324,857,000. Fairfax Financial Holdings Ltd. Can boosted its holdings in shares of Kraft Heinz by 341.9% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock worth $101,773,000 after buying an additional 2,564,000 shares during the period. Criteria Caixa S.A.U. bought a new stake in shares of Kraft Heinz during the 4th quarter worth $73,316,000. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Kraft Heinz by 96.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after buying an additional 1,403,220 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Price Performance
Shares of NASDAQ KHC traded up $0.25 during trading hours on Friday, hitting $27.74. 8,892,694 shares of the stock were exchanged, compared to its average volume of 9,238,470. 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 has a market cap of $32.83 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The company's fifty day simple moving average is $29.22 and its two-hundred day simple moving average is $30.19. The Kraft Heinz Company has a 1-year low of $27.14 and a 1-year high of $36.53.
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, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is presently 73.06%.
Analyst Ratings Changes
A number of brokerages have weighed in on KHC. JPMorgan Chase & Co. reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $38.00 to $31.00 in a report on Monday, February 10th. StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Friday, May 9th. Finally, Citigroup reiterated a "sell" rating and set a $27.00 target price (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 assigned a hold rating to the stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and a consensus price target of $30.65.
Read Our Latest Analysis on KHC
Kraft Heinz Profile
(
Free Report)
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.
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