Xponance Inc. Has $3.89 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Xponance Inc. lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 126,630 shares of the company’s stock after acquiring an additional 3,516 shares during the period. Xponance Inc.’s holdings in Kraft Heinz were worth $3,889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. New York Life Investment Management LLC grew its stake in shares of Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after acquiring an additional 366 shares during the last quarter. Winch Advisory Services LLC increased its holdings in Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares in the last quarter. Cohen Investment Advisors LLC raised its position in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after purchasing an additional 487 shares during the last quarter. Finally, LMG Wealth Partners LLC boosted its stake in shares of Kraft Heinz by 1.4% during the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock valued at $1,137,000 after purchasing an additional 498 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group lowered their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Trading Down 0.6 %

Shares of KHC stock opened at $29.71 on Friday. The company has a market cap of $35.50 billion, a P/E ratio of 13.15, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. 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.

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, topping 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%. Research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current 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. This represents a $1.60 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

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.