Focus Partners Wealth Purchases 29,035 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Focus Partners Wealth raised its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 91.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 60,918 shares of the company's stock after buying an additional 29,035 shares during the period. Focus Partners Wealth's holdings in Kraft Heinz were worth $1,871,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares in the last quarter. Norges Bank bought a new stake in Kraft Heinz during the fourth quarter worth $324,857,000. Fairfax Financial Holdings Ltd. Can lifted its stake in Kraft Heinz by 341.9% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after acquiring an additional 2,564,000 shares during the last quarter. Criteria Caixa S.A.U. bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $73,316,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in Kraft Heinz by 96.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after buying an additional 1,403,220 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KHC shares. Citigroup reissued a "sell" rating and issued a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Finally, Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $30.65.

Kraft Heinz Trading Up 0.1%

KHC stock traded up $0.02 during trading on Tuesday, hitting $27.90. The company had a trading volume of 9,482,936 shares, compared to its average volume of 9,253,897. The company has a current ratio of 1.06, a quick ratio of 0.59 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 business has a 50-day moving average of $29.17 and a 200-day moving average of $30.11. The stock has a market cap of $33.02 billion, a PE ratio of 12.35, a PEG ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results 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. 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%. Kraft Heinz's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. Research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date is Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.

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.