Caxton Associates LP Acquires 24,163 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Caxton Associates LP raised its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,471 shares of the company's stock after buying an additional 24,163 shares during the quarter. Caxton Associates LP's holdings in Kraft Heinz were worth $1,857,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. World Investment Advisors LLC raised its position in shares of Kraft Heinz by 30.9% in the third quarter. World Investment Advisors LLC now owns 8,861 shares of the company's stock worth $311,000 after acquiring an additional 2,094 shares during the period. Tidal Investments LLC raised its holdings in shares of Kraft Heinz by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 84,675 shares of the company's stock worth $2,973,000 after acquiring an additional 2,889 shares during the period. Retirement Systems of Alabama boosted its holdings in Kraft Heinz by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 190,799 shares of the company's stock valued at $6,699,000 after purchasing an additional 16,690 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Kraft Heinz by 14.4% during the third quarter. Principal Financial Group Inc. now owns 1,097,084 shares of the company's stock worth $38,519,000 after buying an additional 138,101 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Kraft Heinz by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 2,082 shares of the company's stock valued at $64,000 after buying an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 0.6 %

Shares of Kraft Heinz stock traded down $0.17 on Wednesday, reaching $28.23. 8,766,274 shares of the company's stock were exchanged, compared to its average volume of 9,118,032. The firm's 50-day moving average is $29.73 and its two-hundred day moving average is $30.55. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $36.70. The company has a market capitalization of $33.41 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

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 the consensus estimate 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 analysts' expectations of $6.02 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Kraft Heinz's quarterly revenue was down 6.4% on a year-over-year basis. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.67%. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Wall Street Analyst Weigh In

Several brokerages recently commented on KHC. The Goldman Sachs Group cut 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 note on Thursday, February 13th. Wells Fargo & Company cut their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Piper Sandler lowered their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Barclays cut their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.