Hapanowicz & Associates Financial Services Inc Buys New Position in The Kraft Heinz Company (NASDAQ:KHC)

Hapanowicz & Associates Financial Services Inc bought a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,994 shares of the company’s stock, valued at approximately $259,000. Kraft Heinz accounts for 0.2% of Hapanowicz & Associates Financial Services Inc’s holdings, making the stock its 24th biggest holding.

Several other large investors also recently added to or reduced their stakes in KHC. FSC Wealth Advisors LLC lifted its holdings in shares of Kraft Heinz by 23.4% in the 4th quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after acquiring an additional 270 shares during the last quarter. Ancora Advisors LLC lifted its holdings in shares of Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after acquiring an additional 272 shares during the last quarter. Archer Investment Corp lifted its holdings in shares of Kraft Heinz by 2.0% in the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after acquiring an additional 294 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Kraft Heinz by 3.1% in the 4th quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock worth $370,000 after acquiring an additional 300 shares during the last quarter. Finally, Econ Financial Services Corp lifted its holdings in shares of Kraft Heinz by 0.6% in the 3rd quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock worth $1,793,000 after acquiring an additional 310 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

KHC stock traded up $0.21 during trading on Thursday, reaching $37.11. The company had a trading volume of 6,769,527 shares, compared to its average volume of 8,125,687. The firm has a 50-day simple moving average of $35.86 and a 200-day simple moving average of $35.34. The company has a market cap of $45.11 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is 69.26%.

Analysts Set New Price Targets

A number of research analysts have commented on KHC shares. Wells Fargo & Company cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Citigroup began coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America lifted 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.57.

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.