Signaturefd LLC Acquires 1,052 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Signaturefd LLC grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,452 shares of the company’s stock after buying an additional 1,052 shares during the period. Signaturefd LLC’s holdings in Kraft Heinz were worth $645,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Trust N.A. lifted its holdings in shares of Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after purchasing an additional 3,916 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Kraft Heinz in the 3rd quarter valued at $5,399,000. Victory Capital Management Inc. raised its position in Kraft Heinz by 16.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock valued at $59,478,000 after buying an additional 247,896 shares during the last quarter. Cerity Partners LLC raised its position in Kraft Heinz by 42.5% in the 4th quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock valued at $16,934,000 after buying an additional 136,556 shares during the last quarter. Finally, FMR LLC raised its position in Kraft Heinz by 37.9% in the 3rd quarter. FMR LLC now owns 3,029,052 shares of the company’s stock valued at $101,897,000 after buying an additional 832,653 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Down 0.2 %

KHC stock opened at $38.07 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 3.01 and a beta of 0.67. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The stock has a fifty day moving average of $35.98 and a 200-day moving average of $35.48.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.20%. Kraft Heinz’s payout ratio is 69.26%.

Analyst Ratings Changes

A number of equities research analysts recently commented on KHC shares. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Citigroup started coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. Wells Fargo & Company lowered their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Finally, Bank of America increased their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.57.

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.