The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 71.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,341 shares of the company's stock after buying an additional 46,542 shares during the period. Captrust Financial Advisors' holdings in Kraft Heinz were worth $3,419,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Caxton Associates LP lifted its position in shares of Kraft Heinz by 66.6% in the 4th quarter. Caxton Associates LP now owns 60,471 shares of the company's stock worth $1,857,000 after purchasing an additional 24,163 shares during the period. Banque de Luxembourg S.A. bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $1,511,000. Benjamin Edwards Inc. raised its stake in shares of Kraft Heinz by 50.0% during the 4th quarter. Benjamin Edwards Inc. now owns 18,166 shares of the company's stock worth $558,000 after acquiring an additional 6,057 shares in the last quarter. Alpha Family Trust bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $367,000. Finally, Alteri Wealth LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth $278,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 0.5%

Shares of NASDAQ:KHC traded up $0.15 during trading hours on Friday, reaching $27.64. The stock had a trading volume of 3,138,625 shares, compared to its average volume of 9,204,625. The firm's 50 day moving average is $29.29 and its 200-day moving average is $30.24. The Kraft Heinz Company has a 1 year low of $27.14 and a 1 year high of $36.53. 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 stock has a market capitalization of $32.71 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly 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 firm had revenue of $6 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.79%. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

Analysts Set New Price Targets

Several research analysts recently issued reports on KHC shares. Barclays reduced their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. UBS Group dropped their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.65.

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.