Bell Bank Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bell Bank increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 19.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,494 shares of the company’s stock after buying an additional 39,220 shares during the period. Bell Bank’s holdings in Kraft Heinz were worth $7,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KHC. Winch Advisory Services LLC grew its stake in shares of Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after buying an additional 381 shares in the last quarter. Smith Thornton Advisors LLC grew its position in Kraft Heinz by 2.1% during the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock valued at $727,000 after buying an additional 435 shares during the period. Cohen Investment Advisors LLC increased its holdings in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after buying an additional 487 shares in the last quarter. Finally, LMG Wealth Partners LLC raised its position in shares of Kraft Heinz by 1.4% in the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock worth $1,137,000 after acquiring an additional 498 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Up 3.2 %

Shares of NASDAQ:KHC opened at $31.13 on Friday. 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. The business has a fifty day moving average of $29.73 and a two-hundred day moving average of $32.56. The stock has a market cap of $37.20 billion, a P/E ratio of 13.77, a PEG ratio of 3.34 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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%. On average, research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analysts Set New Price Targets

KHC has been the subject of several recent analyst reports. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Evercore ISI reiterated an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.86.

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.