One Charles Private Wealth Services LLC Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

One Charles Private Wealth Services LLC acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 15,188 shares of the company’s stock, valued at approximately $466,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Kraft Heinz by 11.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after buying an additional 545,504 shares during the last quarter. Brookstone Capital Management raised its holdings in Kraft Heinz by 229.8% in the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after acquiring an additional 238,913 shares during the last quarter. Toronto Dominion Bank lifted its position in Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after acquiring an additional 54,656 shares in the last quarter. Nordea Investment Management AB boosted its stake in 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 purchasing an additional 1,238,200 shares during the last quarter. Finally, FLC Capital Advisors increased its holdings in shares of Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock worth $573,000 after purchasing an additional 10,214 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Barclays dropped 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. Citigroup cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $34.00 to $28.00 in a report on Thursday, February 13th. TD Cowen dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $29.71 on Friday. The stock has a 50-day simple moving average of $29.90 and a two-hundred day simple moving average of $32.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The firm has a market capitalization of $35.50 billion, a PE ratio of 13.15, a P/E/G 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 EPS for the quarter, topping 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%. Analysts forecast that The Kraft Heinz Company will post 2.68 EPS 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.39%. 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.