The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 44.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,347 shares of the company’s stock after purchasing an additional 1,032 shares during the period. Lindbrook Capital LLC’s holdings in Kraft Heinz were worth $124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Kraft Heinz by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock valued at $2,362,053,000 after purchasing an additional 417,115 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Kraft Heinz by 10.7% during 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 period. Morgan Stanley raised its holdings in shares of Kraft Heinz by 7.2% during the 3rd quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock valued at $423,216,000 after buying an additional 850,326 shares during the period. LSV Asset Management raised its holdings in shares of Kraft Heinz by 27.1% during the 3rd quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock valued at $311,621,000 after buying an additional 1,977,571 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Kraft Heinz by 3.7% during the 3rd quarter. Northern Trust Corp now owns 9,120,015 shares of the company’s stock valued at $306,797,000 after buying an additional 324,450 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $38.07 on Wednesday. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve 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 company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. The business has a 50 day simple moving average of $35.98 and a 200-day simple moving average of $35.48.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.20%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

Analyst Upgrades and Downgrades

KHC has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Bank of America raised their target price on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup initiated coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.57.

Kraft Heinz 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.