The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lifted by PFG Investments LLC

PFG Investments LLC lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,411 shares of the company’s stock after acquiring an additional 1,017 shares during the period. PFG Investments LLC’s holdings in Kraft Heinz were worth $496,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KHC. OFI Invest Asset Management purchased a new position in shares of Kraft Heinz in the third quarter worth approximately $26,000. Ancora Advisors LLC increased its position in shares of Kraft Heinz by 69.9% in the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after acquiring an additional 272 shares in the last quarter. Riverview Trust Co purchased a new position in Kraft Heinz during the third quarter valued at approximately $27,000. BKM Wealth Management LLC purchased a new position in Kraft Heinz during the fourth quarter valued at approximately $33,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Kraft Heinz during the fourth quarter valued at approximately $35,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KHC has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Citigroup initiated coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Evercore ISI raised shares of Kraft Heinz from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $42.00 in a research report on Monday, December 11th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.57.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $36.53 on Thursday. The firm has a fifty day simple moving average of $35.96 and a 200-day simple moving average of $35.00. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $41.47. The stock has a market capitalization of $44.41 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.87 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, sell-side analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, March 7th. Kraft Heinz’s payout ratio is currently 69.26%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, Director Miguel Patricio sold 131,500 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $4,999,630.00. Following the sale, the director now owns 992,049 shares of the company’s stock, valued at approximately $37,717,702.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

About Kraft Heinz

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.