The Kraft Heinz Company (NASDAQ:KHC) Position Boosted by Personal CFO Solutions LLC

Personal CFO Solutions LLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,456 shares of the company’s stock after acquiring an additional 1,088 shares during the quarter. Personal CFO Solutions LLC’s holdings in Kraft Heinz were worth $321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KHC. Principal Financial Group Inc. grew its stake in Kraft Heinz by 14.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,097,084 shares of the company’s stock valued at $38,519,000 after acquiring an additional 138,101 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz in the 3rd quarter valued at approximately $33,000. Assetmark Inc. grew its stake in shares of Kraft Heinz by 1.1% in the 3rd quarter. Assetmark Inc. now owns 97,462 shares of the company’s stock valued at $3,422,000 after buying an additional 1,070 shares in the last quarter. Atria Investments Inc grew its stake in shares of Kraft Heinz by 36.3% in the 3rd quarter. Atria Investments Inc now owns 41,959 shares of the company’s stock valued at $1,473,000 after buying an additional 11,185 shares in the last quarter. Finally, XML Financial LLC bought a new stake in shares of Kraft Heinz in the 3rd quarter valued at approximately $201,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the subject of several recent research reports. Stifel Nicolaus lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their price target for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price target on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Barclays lowered their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Up 0.1 %

KHC opened at $32.22 on Tuesday. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The firm has a market cap of $38.50 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The business has a 50 day moving average price of $29.88 and a 200 day moving average price of $32.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz 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.