The Kraft Heinz Company (NASDAQ:KHC) Position Boosted by Archer Investment Corp

Archer Investment Corp increased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,709 shares of the company’s stock after buying an additional 294 shares during the quarter. Archer Investment Corp’s holdings in Kraft Heinz were worth $544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ancora Advisors LLC lifted its position in shares of Kraft Heinz by 69.9% during the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after acquiring an additional 272 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Kraft Heinz during the 3rd quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz during the 3rd quarter valued at $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at $35,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at $32,000. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. Citigroup initiated coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Wells Fargo & Company cut their price objective on 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. Finally, Bank of America increased their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.71.

Kraft Heinz Stock Up 0.3 %

Kraft Heinz stock traded up $0.12 during mid-day trading on Wednesday, hitting $36.71. 3,772,346 shares of the company’s stock were exchanged, compared to its average volume of 8,109,365. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a market cap of $44.63 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.87 and a beta of 0.67. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $41.47. The stock has a 50 day moving average of $35.85 and a two-hundred day moving average of $35.32.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is currently 69.26%.

Kraft Heinz Company 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.