LMG Wealth Partners LLC Raises Position in The Kraft Heinz Company (NASDAQ:KHC)

LMG Wealth Partners LLC increased its stake in The Kraft Heinz Company (NASDAQ:KHC) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 37,040 shares of the company’s stock after acquiring an additional 498 shares during the period. LMG Wealth Partners LLC’s holdings in Kraft Heinz were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC lifted its position 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 valued at $26,000 after buying an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz in the 3rd quarter valued at about $27,000. Sawyer & Company Inc purchased a new stake in Kraft Heinz during the fourth quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in Kraft Heinz during the third quarter worth about $33,000. Finally, Larson Financial Group LLC increased its stake in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.6 %

Shares of Kraft Heinz stock opened at $29.79 on Thursday. The company has a 50 day simple moving average of $29.77 and a two-hundred day simple moving average of $32.60. The firm has a market cap of $35.60 billion, a PE ratio of 13.18, a PEG ratio of 3.25 and a beta of 0.47. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.37%. Kraft Heinz’s dividend payout ratio is 70.80%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. TD Cowen cut their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. StockNews.com lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Barclays cut their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Mizuho cut Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, Kraft Heinz has a consensus rating of “Hold” and an average price target of $30.86.

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.