Hickory Point Bank & Trust Takes $323,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Hickory Point Bank & Trust purchased a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,529 shares of the company’s stock, valued at approximately $323,000.

A number of other institutional investors have also recently made changes to their positions in the company. Keynote Financial Services LLC lifted its position in Kraft Heinz by 42.0% during the fourth quarter. Keynote Financial Services LLC now owns 36,882 shares of the company’s stock valued at $1,133,000 after purchasing an additional 10,917 shares during the period. Levin Capital Strategies L.P. grew its position in shares of Kraft Heinz by 3.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 33,481 shares of the company’s stock valued at $1,028,000 after acquiring an additional 974 shares during the period. Metis Global Partners LLC increased its stake in shares of Kraft Heinz by 11.0% in the 4th quarter. Metis Global Partners LLC now owns 50,344 shares of the company’s stock worth $1,546,000 after purchasing an additional 4,999 shares in the last quarter. SVB Wealth LLC bought a new position in Kraft Heinz in the 4th quarter worth $1,118,000. Finally, Altrius Capital Management Inc lifted its position in Kraft Heinz by 3.8% during the fourth quarter. Altrius Capital Management Inc now owns 131,716 shares of the company’s stock valued at $4,045,000 after purchasing an additional 4,864 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen decreased their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com cut Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Trading Up 0.2 %

KHC stock opened at $30.72 on Friday. The firm has a fifty day moving average price of $29.77 and a 200 day moving average price of $32.41. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. 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 firm has a market cap of $36.71 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 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%. Sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is 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.