Manchester Capital Management LLC Buys 932 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Manchester Capital Management LLC grew its stake in The Kraft Heinz Company (NASDAQ:KHC) by 64.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,383 shares of the company’s stock after acquiring an additional 932 shares during the quarter. Manchester Capital Management LLC’s holdings in Kraft Heinz were worth $73,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC grew its stake in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz during the 3rd quarter worth approximately $27,000. Sawyer & Company Inc bought a new stake in Kraft Heinz during the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in Kraft Heinz during the 3rd quarter worth approximately $33,000. Finally, Larson Financial Group LLC grew its position in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday. Citigroup lowered Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $34.00 to $28.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Stock Performance

KHC stock opened at $28.92 on Friday. The business’s fifty day moving average is $29.90 and its 200-day moving average is $32.74. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The company has a market cap of $34.97 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Equities research analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 5.53%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is presently 144.14%.

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.