AssuredPartners Investment Advisors LLC Takes $231,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

AssuredPartners Investment Advisors LLC purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,519 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. bought a new stake in Kraft Heinz during the fourth quarter worth $29,000. Larson Financial Group LLC boosted its position in Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the last quarter. Finally, R Squared Ltd bought a new position in Kraft Heinz in the 4th quarter valued at $34,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KHC. Mizuho cut 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 note on Monday, February 10th. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Piper Sandler dropped their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.73.

Kraft Heinz Trading Up 0.6 %

Shares of Kraft Heinz stock opened at $30.24 on Friday. The company’s 50-day moving average price is $29.99 and its 200-day moving average price is $31.74. 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 Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted 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%. On average, equities analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s payout ratio is 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.