Impact Investors Inc Makes New Investment in The Kraft Heinz Company (NASDAQ:KHC)

Impact Investors Inc purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,981 shares of the company’s stock, valued at approximately $583,000.

Other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its stake in 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 acquiring an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz during the third quarter worth about $27,000. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in shares of Kraft Heinz in the third quarter valued at approximately $33,000. Finally, Larson Financial Group LLC grew its holdings 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 in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 1.2 %

Shares of NASDAQ:KHC opened at $31.73 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm has a 50 day simple moving average of $29.75 and a 200-day simple moving average of $32.47. The company has a market capitalization of $37.92 billion, a PE ratio of 14.04, a P/E/G ratio of 3.39 and a beta of 0.47. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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 10.62% and a return on equity of 7.58%. On average, equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.04%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. StockNews.com lowered Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Stifel Nicolaus cut their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Citigroup lowered Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their price objective on Kraft Heinz from $32.00 to $28.00 and set a “sell” 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 assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.