Jones Financial Companies Lllp Acquires 39,533 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Jones Financial Companies Lllp raised its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 54.7% in the fourth quarter, Holdings Channel reports. The firm owned 111,797 shares of the company’s stock after purchasing an additional 39,533 shares during the period. Jones Financial Companies Lllp’s holdings in Kraft Heinz were worth $3,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC raised its position in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after acquiring an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Kraft Heinz in the third quarter valued at about $411,304,000. Nordea Investment Management AB grew its position in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after purchasing an additional 545,504 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KHC has been the topic of several research reports. Evercore ISI restated an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Bank of America cut shares of Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. UBS Group dropped their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, Kraft Heinz has an average rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Trading Up 0.0 %

NASDAQ KHC opened at $30.99 on Thursday. The stock’s 50-day simple moving average is $29.80 and its two-hundred day simple moving average is $32.34. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month 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 company has a market capitalization of $37.03 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Research analysts forecast that The Kraft Heinz Company will post 2.68 EPS 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. Investors of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, March 7th. 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.