New York Life Investment Management LLC Purchases 361 Shares of The Kraft Heinz Company (NASDAQ:KHC)

New York Life Investment Management LLC grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.3% in the 4th quarter, HoldingsChannel reports. The fund owned 130,075 shares of the company’s stock after buying an additional 361 shares during the period. New York Life Investment Management LLC’s holdings in Kraft Heinz were worth $3,995,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KHC. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz in the 3rd quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in Kraft Heinz during the 3rd quarter valued at $33,000. Larson Financial Group LLC boosted its holdings in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Kraft Heinz in the 4th quarter worth $34,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI restated an “in-line” rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and cut their target price for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Stifel Nicolaus reduced their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note 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, Kraft Heinz has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $30.72 on Friday. The firm has a market cap of $36.71 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47. 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 company’s 50 day moving average is $29.77 and its 200-day moving average is $32.41. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month 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 earnings per share for the current year.

Kraft Heinz Announces Dividend

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