KLCM Advisors Inc. Acquires 13,575 Shares of The Kraft Heinz Company (NASDAQ:KHC)

KLCM Advisors Inc. boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 27.0% in the fourth quarter, Holdings Channel reports. The firm owned 63,781 shares of the company’s stock after purchasing an additional 13,575 shares during the quarter. KLCM Advisors Inc.’s holdings in Kraft Heinz were worth $2,359,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KHC. OFI Invest Asset Management acquired a new stake in Kraft Heinz in the third quarter valued at $26,000. Ancora Advisors LLC lifted its stake in Kraft Heinz by 69.9% in the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after acquiring an additional 272 shares during the last quarter. Riverview Trust Co acquired a new stake in Kraft Heinz in the third quarter valued at $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at $32,000. Finally, BKM Wealth Management LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at $33,000. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the subject of a number of recent analyst reports. Bank of America increased their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday. Citigroup began coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. Finally, Wells Fargo & Company cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of “Hold” and an average price target of $40.71.

Kraft Heinz Stock Performance

Kraft Heinz stock traded up $0.12 during midday trading on Wednesday, hitting $36.71. The company’s stock had a trading volume of 2,761,466 shares, compared to its average volume of 8,096,338. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $41.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The company has a 50-day moving average price of $35.85 and a two-hundred day moving average price of $35.32. The company has a market cap of $44.63 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.87 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, sell-side analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.36%. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.26%.

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.