Keynote Financial Services LLC Boosts Stake in The Kraft Heinz Company (NASDAQ:KHC)

Keynote Financial Services LLC raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 42.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,882 shares of the company’s stock after buying an additional 10,917 shares during the period. Keynote Financial Services LLC’s holdings in Kraft Heinz were worth $1,133,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Kraft Heinz during the third quarter worth $33,000. Larson Financial Group LLC grew its position 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 valued at $34,000 after purchasing an additional 636 shares during the period. Finally, R Squared Ltd acquired a new position in Kraft Heinz in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their target price for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price target for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Finally, Evercore ISI restated an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Stock Up 0.2 %

Shares of NASDAQ:KHC opened at $30.72 on Friday. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47. The company has a 50 day moving average of $29.77 and a two-hundred day moving average of $32.41. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

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.