The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by SPC Financial Inc.

SPC Financial Inc. lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,714 shares of the company’s stock after buying an additional 879 shares during the quarter. SPC Financial Inc.’s holdings in Kraft Heinz were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in KHC. Assetmark Inc. lifted its stake in Kraft Heinz by 3.6% during the fourth quarter. Assetmark Inc. now owns 100,984 shares of the company’s stock worth $3,101,000 after purchasing an additional 3,522 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Kraft Heinz by 29.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 120,703 shares of the company’s stock worth $3,665,000 after purchasing an additional 27,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kraft Heinz by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company’s stock worth $172,016,000 after purchasing an additional 293,694 shares during the last quarter. State of Michigan Retirement System lifted its stake in Kraft Heinz by 6.9% during the fourth quarter. State of Michigan Retirement System now owns 314,139 shares of the company’s stock worth $9,647,000 after purchasing an additional 20,400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Kraft Heinz by 20.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,820 shares of the company’s stock worth $2,206,000 after purchasing an additional 12,117 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC stock opened at $30.99 on Thursday. The company has a market capitalization of $37.03 billion, a P/E ratio of 13.71, a PEG ratio of 3.39 and a beta of 0.40. The company has a 50-day simple moving average of $29.80 and a 200 day simple moving average of $32.34. 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 quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

Analyst Upgrades and Downgrades

KHC has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Piper Sandler cut their target price 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, Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Three analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Company 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.