Truvestments Capital LLC Has $2.62 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Truvestments Capital LLC boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,307 shares of the company’s stock after buying an additional 861 shares during the period. Truvestments Capital LLC’s holdings in Kraft Heinz were worth $2,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Kraft Heinz by 14.4% in the third quarter. Principal Financial Group Inc. now owns 1,097,084 shares of the company’s stock valued at $38,519,000 after purchasing an additional 138,101 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Kraft Heinz in the third quarter valued at $33,000. Assetmark Inc. increased its stake in Kraft Heinz by 1.1% in the third quarter. Assetmark Inc. now owns 97,462 shares of the company’s stock valued at $3,422,000 after purchasing an additional 1,070 shares in the last quarter. Atria Investments Inc increased its stake in Kraft Heinz by 36.3% in the third quarter. Atria Investments Inc now owns 41,959 shares of the company’s stock valued at $1,473,000 after purchasing an additional 11,185 shares in the last quarter. Finally, XML Financial LLC bought a new stake in shares of Kraft Heinz during the third quarter worth about $201,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $31.10 on Wednesday. The stock has a market capitalization of $37.16 billion, a P/E ratio of 13.76, a PEG ratio of 3.39 and a beta of 0.40. 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’s 50 day moving average is $29.89 and its 200 day moving average is $32.21. 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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 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%. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price 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. JPMorgan Chase & Co. decreased their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Barclays cut their price target 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 cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, Stifel Nicolaus cut their price target 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. Three analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and an average target price of $30.86.

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.