EntryPoint Capital LLC Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

EntryPoint Capital LLC purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, HoldingsChannel reports. The firm purchased 9,055 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors have also recently bought and sold shares of the stock. United Services Automobile Association lifted its position in Kraft Heinz by 9.2% during the 4th quarter. United Services Automobile Association now owns 20,048 shares of the company’s stock valued at $616,000 after purchasing an additional 1,681 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $29,000. Vanguard Group Inc. boosted its stake in Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock valued at $2,779,524,000 after acquiring an additional 14,996,486 shares during the last quarter. LPL Financial LLC grew its holdings in Kraft Heinz by 8.3% during the 4th quarter. LPL Financial LLC now owns 655,747 shares of the company’s stock worth $20,138,000 after acquiring an additional 50,040 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Kraft Heinz during the 4th quarter worth $9,755,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

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

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data 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 return on equity of 7.58% and a net margin of 10.62%. Equities research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen reduced their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Barclays reduced their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Finally, Piper Sandler reduced their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.73.

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.