The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Bell Bank

Bell Bank grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,494 shares of the company’s stock after purchasing an additional 39,220 shares during the period. Bell Bank’s holdings in Kraft Heinz were worth $7,293,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hudson Edge Investment Partners Inc. grew its holdings in shares of Kraft Heinz by 13.2% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 210,753 shares of the company’s stock valued at $6,472,000 after purchasing an additional 24,616 shares in the last quarter. Bank of Stockton grew its stake in shares of Kraft Heinz by 52.9% in the fourth quarter. Bank of Stockton now owns 9,346 shares of the company’s stock worth $287,000 after acquiring an additional 3,235 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Kraft Heinz by 29.1% during the fourth quarter. Handelsbanken Fonder AB now owns 420,974 shares of the company’s stock worth $12,928,000 after acquiring an additional 94,871 shares during the period. LMG Wealth Partners LLC raised its stake in shares of Kraft Heinz by 1.4% in the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock valued at $1,137,000 after acquiring an additional 498 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Kraft Heinz by 5.4% in the fourth quarter. Private Advisor Group LLC now owns 67,612 shares of the company’s stock valued at $2,076,000 after acquiring an additional 3,470 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of KHC opened at $31.13 on Friday. The company’s 50 day simple moving average is $29.73 and its 200-day simple moving average is $32.56. The firm has a market cap of $37.20 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 3.34 and a beta of 0.47. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results 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 return on equity of 7.58% and a net margin of 10.62%. As a group, equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus cut their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Evercore ISI reissued an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Citigroup cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. Piper Sandler dropped their target price on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, TD Cowen decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.86.

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.