Hussman Strategic Advisors Inc. Has $1.55 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Hussman Strategic Advisors Inc. lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,000 shares of the company’s stock after buying an additional 10,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Kraft Heinz were worth $1,553,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Kraft Heinz by 1,835.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock worth $794,964,000 after acquiring an additional 18,518,584 shares during the last quarter. Capital World Investors boosted its position in Kraft Heinz by 96.5% in the 1st quarter. Capital World Investors now owns 13,312,000 shares of the company’s stock valued at $524,360,000 after buying an additional 6,537,000 shares during the last quarter. Norges Bank bought a new position in Kraft Heinz in the 4th quarter valued at $252,224,000. Invesco Ltd. boosted its position in Kraft Heinz by 10.7% in the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock valued at $827,581,000 after buying an additional 2,369,080 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Kraft Heinz by 86.0% in the 3rd quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company’s stock valued at $155,671,000 after buying an additional 2,140,153 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent research reports. Bank of America increased their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup began coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price target on 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Kraft Heinz has an average rating of “Hold” and an average price target of $40.57.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $37.83 on Monday. The company has a market capitalization of $45.99 billion, a PE ratio of 16.36, a PEG ratio of 2.98 and a beta of 0.67. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.47. 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 stock’s fifty day simple moving average is $35.91 and its 200 day simple moving average is $35.41.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is 69.26%.

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.