98,281 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Arnhold LLC

Arnhold LLC bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 98,281 shares of the company’s stock, valued at approximately $3,018,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at about $26,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Kraft Heinz in the fourth quarter valued at about $29,000. R Squared Ltd acquired a new position in shares of Kraft Heinz during the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management bought a new position in shares of Kraft Heinz during the fourth quarter worth about $36,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. 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.com, the company currently has a consensus rating of “Hold” and an average target price of $30.69.

Kraft Heinz Trading Down 1.5 %

KHC stock opened at $29.64 on Friday. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The stock has a market cap of $35.37 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The company has a fifty day moving average price of $30.06 and a two-hundred day moving average price of $30.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last posted its 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%. Equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.40%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

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.