United Capital Financial Advisors LLC Increases Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

United Capital Financial Advisors LLC boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 108.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,012 shares of the company's stock after buying an additional 11,436 shares during the period. United Capital Financial Advisors LLC's holdings in Kraft Heinz were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC raised its holdings in shares of Kraft Heinz by 194.0% in the 4th quarter. Jump Financial LLC now owns 152,984 shares of the company's stock valued at $4,698,000 after acquiring an additional 100,954 shares in the last quarter. Anchor Investment Management LLC lifted its position in Kraft Heinz by 57.3% during the fourth quarter. Anchor Investment Management LLC now owns 2,031 shares of the company's stock valued at $62,000 after purchasing an additional 740 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Kraft Heinz in the 4th quarter worth approximately $263,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at $360,000. Finally, XTX Topco Ltd bought a new stake in shares of Kraft Heinz during the 4th quarter worth $1,252,000. Institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on KHC. Piper Sandler reduced their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. TD Cowen decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $34.00 to $31.00 in a research note on Tuesday. Evercore ISI restated an "in-line" rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Morgan Stanley began coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock. Four analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and an average price target of $30.69.

Kraft Heinz Stock Down 0.8 %

Shares of KHC traded down $0.23 during mid-day trading on Friday, reaching $29.42. The company had a trading volume of 3,421,953 shares, compared to its average volume of 9,049,202. 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 firm has a 50-day moving average price of $30.06 and a 200 day moving average price of $30.96. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The company has a market capitalization of $35.10 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.44%. Kraft Heinz's payout ratio is currently 70.80%.

About Kraft Heinz

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.