Koss Olinger Consulting LLC Makes New $594,000 Investment in The Kraft Heinz Company (NASDAQ:KHC)

Koss Olinger Consulting LLC bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 19,351 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KHC. New York Life Investment Management LLC lifted its stake in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock valued at $3,995,000 after purchasing an additional 361 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after purchasing an additional 366 shares during the period. Winch Advisory Services LLC lifted its stake in shares of Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after purchasing an additional 380 shares during the period. Cohen Investment Advisors LLC lifted its stake in shares of Kraft Heinz by 5.0% in the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after purchasing an additional 487 shares during the period. Finally, LMG Wealth Partners LLC lifted its stake in shares of Kraft Heinz by 1.4% in the 4th quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock valued at $1,137,000 after purchasing an additional 498 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Barclays dropped their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Performance

Shares of KHC opened at $30.39 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a 50 day moving average price of $29.89 and a two-hundred day moving average price of $32.03. The firm has a market capitalization of $36.32 billion, a P/E ratio of 13.45, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio 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.