The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 1,189.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,340 shares of the company’s stock after purchasing an additional 20,608 shares during the quarter. Headlands Technologies LLC’s holdings in Kraft Heinz were worth $826,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KHC. OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the third quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $32,000. BKM Wealth Management LLC purchased a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $33,000. Headinvest LLC acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $38,000. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Kraft Heinz by 326.1% during the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock worth $41,000 after purchasing an additional 936 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on KHC shares. Deutsche Bank Aktiengesellschaft boosted their target price on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. 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. Bank of America boosted their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.57.

Kraft Heinz Price Performance

Kraft Heinz stock traded down $0.21 during midday trading on Friday, reaching $38.16. 5,342,375 shares of the company were exchanged, compared to its average volume of 6,515,615. The company has a market capitalization of $46.39 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 3.03 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 firm’s 50-day simple moving average is $36.20 and its 200-day simple moving average is $35.56. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47.

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

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.19%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

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.