Americana Partners LLC Purchases Shares of 228,092 The Kraft Heinz Company (NASDAQ:KHC)

Americana Partners LLC purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 228,092 shares of the company’s stock, valued at approximately $7,005,000.

A number of 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 during the 4th quarter worth about $25,000. Fortitude Family Office LLC lifted its stake in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth about $33,000. Finally, Larson Financial Group LLC lifted its stake in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on KHC shares. The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday. Piper Sandler cut their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group lowered their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $34.00 to $28.00 in a research report on Thursday. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Price Performance

KHC stock opened at $28.92 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The firm has a market cap of $34.97 billion, a P/E ratio of 26.05, a P/E/G ratio of 3.74 and a beta of 0.47. The company’s 50-day moving average price is $29.90 and its two-hundred day moving average price is $32.73.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. On average, analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

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.