NEOS Investment Management LLC Grows Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

NEOS Investment Management LLC grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,577 shares of the company’s stock after purchasing an additional 26,075 shares during the quarter. NEOS Investment Management LLC’s holdings in Kraft Heinz were worth $4,102,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KHC. Thrivent Financial for Lutherans increased its holdings in shares of Kraft Heinz by 23.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company’s stock worth $1,848,000 after buying an additional 9,833 shares during the last quarter. Pitcairn Co. acquired a new stake in Kraft Heinz during the third quarter worth about $228,000. Larson Financial Group LLC raised its holdings in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Kraft Heinz by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 544,638 shares of the company’s stock valued at $19,122,000 after purchasing an additional 46,740 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Kraft Heinz by 3.2% during the 3rd quarter. D.A. Davidson & CO. now owns 98,510 shares of the company’s stock worth $3,459,000 after purchasing an additional 3,054 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Up 1.3 %

Shares of NASDAQ:KHC opened at $30.07 on Friday. 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. The firm has a market cap of $35.93 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a fifty day simple moving average of $29.97 and a 200 day simple moving average of $31.78.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, equities research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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 given a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.32%. Kraft Heinz’s payout ratio is 70.80%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. The Goldman Sachs Group reduced their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, UBS Group dropped their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $30.73.

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.