Nilsine Partners LLC Makes New $362,000 Investment in The Kraft Heinz Company (NASDAQ:KHC)

Nilsine Partners LLC bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,810 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caprock Group LLC grew its position in shares of Kraft Heinz by 4.0% in the third quarter. Caprock Group LLC now owns 12,286 shares of the company’s stock valued at $413,000 after purchasing an additional 472 shares during the last quarter. CX Institutional bought a new stake in Kraft Heinz during the third quarter worth $305,000. Czech National Bank lifted its stake in Kraft Heinz by 47.8% during the third quarter. Czech National Bank now owns 139,543 shares of the company’s stock worth $4,694,000 after purchasing an additional 45,111 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Kraft Heinz by 0.9% during the third quarter. Asset Management One Co. Ltd. now owns 579,597 shares of the company’s stock worth $19,498,000 after purchasing an additional 5,376 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Kraft Heinz by 92.4% during the third quarter. Handelsbanken Fonder AB now owns 527,691 shares of the company’s stock worth $17,752,000 after purchasing an additional 253,374 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Wells Fargo & Company dropped their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Bank of America increased their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Citigroup assumed coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $40.57.

Kraft Heinz Trading Down 0.1 %

Kraft Heinz stock traded down $0.04 during trading hours on Tuesday, reaching $38.61. 9,604,064 shares of the company’s stock were exchanged, compared to its average volume of 8,028,923. 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 $36.34 and its 200 day simple moving average is $35.71. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The firm has a market capitalization of $46.94 billion, a PE ratio of 16.71, a PEG ratio of 3.01 and a beta of 0.67.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.14%. 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.