228,092 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Americana Partners LLC

Americana Partners LLC bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 228,092 shares of the company’s stock, valued at approximately $7,005,000.

Several other hedge funds have also added to or reduced their stakes in KHC. AMF Tjanstepension AB boosted its position in Kraft Heinz by 143.4% during the 3rd quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock worth $8,620,000 after buying an additional 144,646 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Kraft Heinz by 4.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 18,870 shares of the company’s stock worth $663,000 after purchasing an additional 758 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Kraft Heinz by 12.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 113,290 shares of the company’s stock worth $3,978,000 after purchasing an additional 12,728 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Kraft Heinz by 21.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,938 shares of the company’s stock worth $279,000 after purchasing an additional 1,390 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Kraft Heinz in the 3rd quarter worth approximately $357,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KHC. Mizuho downgraded 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. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $34.00 to $28.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft downgraded 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. Piper Sandler lowered their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Performance

KHC opened at $28.92 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average price is $29.90 and its two-hundred day moving average price is $32.73. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a market cap of $34.97 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.74 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. On average, analysts expect that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.53%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

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.