Capital Analysts LLC Grows Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Capital Analysts LLC raised its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 50.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,507 shares of the company’s stock after acquiring an additional 506 shares during the period. Capital Analysts LLC’s holdings in Kraft Heinz were worth $47,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KHC. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 19.9% in the 4th 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 during the period. Norges Bank acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $324,857,000. Thompson Siegel & Walmsley LLC raised its holdings in Kraft Heinz by 96.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock valued at $87,777,000 after buying an additional 1,403,220 shares during the period. Raymond James Financial Inc. acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $39,339,000. Finally, Nordea Investment Management AB lifted its position in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.2 %

Shares of NASDAQ KHC opened at $28.87 on Wednesday. The stock has a market capitalization of $34.45 billion, a P/E ratio of 12.77, a PEG ratio of 3.39 and a beta of 0.44. The stock’s 50 day moving average price is $30.02 and its two-hundred day moving average price is $30.81. 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 Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.72.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. On average, analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.54%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Analyst Ratings Changes

A number of brokerages have recently commented on KHC. Stifel Nicolaus cut their target price 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. Citigroup restated a “sell” rating and set a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Cfra Research lowered Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Morgan Stanley began coverage on Kraft Heinz in a research report on Monday, March 24th. They set an “underweight” rating and a $29.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective 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. Four analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average 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.