Rehmann Capital Advisory Group Acquires 408 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Rehmann Capital Advisory Group increased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,902 shares of the company’s stock after purchasing an additional 408 shares during the period. Rehmann Capital Advisory Group’s holdings in Kraft Heinz were worth $427,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KHC shares. Morgan Stanley assumed coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an “underweight” rating and a $29.00 price target on the stock. Barclays reduced their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target on 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. 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. Finally, Piper Sandler lowered their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.63.

Kraft Heinz Trading Up 0.5 %

Shares of KHC stock opened at $28.64 on Friday. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $36.75. The firm has a 50 day moving average price of $29.86 and a two-hundred day moving average price of $30.70. 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 company has a market capitalization of $34.18 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.59%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) 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.