Pingora Partners LLC Buys 14,248 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Pingora Partners LLC boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 59.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,148 shares of the company’s stock after acquiring an additional 14,248 shares during the quarter. Kraft Heinz accounts for 0.8% of Pingora Partners LLC’s portfolio, making the stock its 28th largest position. Pingora Partners LLC’s holdings in Kraft Heinz were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KHC. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock worth $2,779,524,000 after purchasing an additional 14,996,486 shares in the last quarter. Geode Capital Management LLC lifted its position in Kraft Heinz by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company’s stock worth $604,644,000 after buying an additional 595,406 shares in the last quarter. Norges Bank bought a new stake in Kraft Heinz during the 4th quarter worth about $324,857,000. Nordea Investment Management AB boosted its stake in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kraft Heinz by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,525,110 shares of the company’s stock valued at $200,369,000 after acquiring an additional 174,706 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.5 %

Shares of NASDAQ:KHC opened at $29.64 on Friday. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The business has a 50 day moving average of $30.06 and a 200-day moving average of $30.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market cap of $35.37 billion, a PE ratio of 13.12, a P/E/G ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.40%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analysts Set New Price Targets

KHC has been the subject of several recent research reports. Sanford C. Bernstein cut Kraft Heinz from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $34.00 to $31.00 in a research report on Tuesday. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Morgan Stanley initiated 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 for the company. Citigroup reaffirmed a “sell” rating and set a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Finally, Stifel Nicolaus lowered their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and an average target price of $30.69.

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.