The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,166 shares of the company’s stock after purchasing an additional 6,057 shares during the quarter. Benjamin Edwards Inc.’s holdings in Kraft Heinz were worth $558,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KHC. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $29,000. R Squared Ltd purchased a new position in Kraft Heinz in the fourth quarter worth approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in Kraft Heinz during the 4th quarter worth approximately $36,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of analyst reports. Cfra Research downgraded shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Stifel Nicolaus decreased their target price on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Sanford C. Bernstein lowered shares of Kraft Heinz from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. DZ Bank cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday. Finally, The Goldman Sachs Group reduced their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $30.65.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $28.08 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $29.61 and its two-hundred day moving average is $30.45. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $36.70.

Kraft Heinz (NASDAQ:KHC) last released 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 during 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%. Kraft Heinz’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. Research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.70%. Kraft Heinz’s dividend payout ratio (DPR) is presently 73.06%.

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.