Intact Investment Management Inc. Purchases 12,930 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Intact Investment Management Inc. raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 9.2% in the 4th quarter, Holdings Channel reports. The firm owned 153,900 shares of the company’s stock after buying an additional 12,930 shares during the period. Intact Investment Management Inc.’s holdings in Kraft Heinz were worth $4,726,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KHC. Atria Investments Inc grew its holdings in shares of Kraft Heinz by 36.3% in the 3rd quarter. Atria Investments Inc now owns 41,959 shares of the company’s stock valued at $1,473,000 after buying an additional 11,185 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz in the 3rd quarter valued at $27,000. Venturi Wealth Management LLC grew its holdings in shares of Kraft Heinz by 43.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,948 shares of the company’s stock valued at $104,000 after buying an additional 894 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in shares of Kraft Heinz by 4.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 17,185 shares of the company’s stock valued at $603,000 after buying an additional 767 shares during the period. Finally, Pinnacle Financial Partners Inc grew its holdings in shares of Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after buying an additional 381 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KHC has been the subject of a number of research analyst reports. StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday. TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Barclays reduced their target price on shares of 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, Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Up 0.1 %

Shares of KHC stock opened at $30.23 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The firm’s 50-day moving average is $29.86 and its 200-day moving average is $32.14. The stock has a market cap of $36.12 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) 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%. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.29%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

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.