TCG Advisory Services LLC Increases Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

TCG Advisory Services LLC boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 80.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,447 shares of the company’s stock after buying an additional 6,454 shares during the quarter. TCG Advisory Services LLC’s holdings in Kraft Heinz were worth $534,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in shares of Kraft Heinz during the third quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $32,000. BKM Wealth Management LLC bought a new stake in Kraft Heinz during the fourth quarter worth $33,000. Headinvest LLC purchased a new position in Kraft Heinz in the third quarter worth $38,000. Finally, VisionPoint Advisory Group LLC grew its stake in Kraft Heinz by 326.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after purchasing an additional 936 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KHC. Wells Fargo & Company lowered their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Citigroup initiated coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.50.

Kraft Heinz Price Performance

KHC traded down $0.37 during trading on Friday, reaching $36.35. 7,102,855 shares of the company were exchanged, compared to its average volume of 7,314,267. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.44. The company’s 50-day moving average is $36.35 and its two-hundred day moving average is $35.81. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a market cap of $44.14 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.89 and a beta of 0.65.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. Research analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.40%. Kraft Heinz’s payout ratio is currently 69.87%.

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.