Lipe & Dalton Has $5.74 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Lipe & Dalton boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,306 shares of the company’s stock after buying an additional 400 shares during the quarter. Kraft Heinz makes up approximately 3.1% of Lipe & Dalton’s investment portfolio, making the stock its 5th largest position. Lipe & Dalton’s holdings in Kraft Heinz were worth $5,743,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new stake in Kraft Heinz during the 1st quarter valued at approximately $65,000. Acadian Asset Management LLC increased its position in Kraft Heinz by 197.7% during the 1st quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock valued at $90,000 after purchasing an additional 1,548 shares during the period. Raymond James Trust N.A. grew its position in shares of Kraft Heinz by 4.0% during the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock worth $624,000 after buying an additional 614 shares during the period. Sei Investments Co. grew its position in shares of Kraft Heinz by 208.7% during the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock worth $4,679,000 after buying an additional 78,677 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Kraft Heinz during the 1st quarter worth approximately $293,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KHC shares. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Citigroup started coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Finally, Bank of America raised their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.71.

Kraft Heinz Stock Up 0.8 %

NASDAQ:KHC traded up $0.28 during trading hours on Tuesday, hitting $36.59. 8,693,907 shares of the company traded hands, compared to its average volume of 8,170,944. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $35.86 and its 200-day simple moving average is $35.30. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47. The company has a market cap of $44.48 billion, a PE ratio of 15.84, a PEG ratio of 2.84 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period last year, the business earned $0.85 EPS. The business’s revenue was down 7.1% on a year-over-year basis. Equities analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s payout ratio is 69.26%.

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.