Pettyjohn Wood & White Inc. Has $264,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Pettyjohn Wood & White Inc. raised its holdings in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 24.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,602 shares of the company’s stock after buying an additional 1,663 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Kraft Heinz were worth $264,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in KHC. New York Life Investment Management LLC raised its position 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 valued at $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after acquiring an additional 366 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of 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 acquiring an additional 380 shares during the period. Pinnacle Financial Partners Inc grew its holdings in shares of Kraft Heinz by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after purchasing an additional 381 shares in the last quarter. Finally, Smith Thornton Advisors LLC increased its position in shares of Kraft Heinz by 2.1% during the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock valued at $727,000 after purchasing an additional 435 shares during the period. 78.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target 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 target price for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Citigroup downgraded 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. Finally, JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.86.

Read Our Latest Research Report on KHC

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $30.65 on Friday. The business has a fifty day moving average of $29.77 and a 200-day moving average of $32.45. 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 twelve month low of $27.25 and a twelve month high of $38.96. The firm has a market cap of $36.63 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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 research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.22%. Kraft Heinz’s payout ratio is 70.80%.

Kraft Heinz Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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