The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by KLCM Advisors Inc.

KLCM Advisors Inc. raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,781 shares of the company’s stock after purchasing an additional 13,575 shares during the quarter. KLCM Advisors Inc.’s holdings in Kraft Heinz were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of Kraft Heinz during the third quarter valued at approximately $26,000. Ancora Advisors LLC increased its stake in shares of Kraft Heinz by 69.9% during the first 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 period. Riverview Trust Co bought a new stake in Kraft Heinz during the third quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Kraft Heinz during the fourth quarter worth approximately $32,000. Finally, BKM Wealth Management LLC bought a new stake in Kraft Heinz during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KHC shares. Citigroup started coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price for the company. Bank of America raised their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wells Fargo & Company reduced 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 equities 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, the company currently has a consensus rating of “Hold” and a consensus price target of $40.71.

Kraft Heinz Trading Up 0.3 %

Kraft Heinz stock traded up $0.12 during midday trading on Wednesday, reaching $36.71. The stock had a trading volume of 2,761,466 shares, compared to its average volume of 8,096,338. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The firm has a market cap of $44.63 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.87 and a beta of 0.67. The firm’s fifty day simple moving average is $35.85 and its two-hundred day simple moving average is $35.32.

Kraft Heinz (NASDAQ:KHC) last released its earnings results 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. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. Equities analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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