The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 44,895 shares of the company’s stock after purchasing an additional 1,299 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Kraft Heinz were worth $1,660,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KHC. FSC Wealth Advisors LLC grew its stake in shares of Kraft Heinz by 23.4% in the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after acquiring an additional 270 shares in the last quarter. Archer Investment Corp lifted its position in shares of Kraft Heinz by 2.0% during the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after purchasing an additional 294 shares during the last quarter. Ingalls & Snyder LLC lifted its position in Kraft Heinz by 3.1% in the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock valued at $370,000 after acquiring an additional 300 shares during the last quarter. Econ Financial Services Corp lifted its position in Kraft Heinz by 0.6% in the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock valued at $1,793,000 after acquiring an additional 310 shares during the last quarter. Finally, Kennedy Investment Group lifted its position in Kraft Heinz by 1.1% in the fourth quarter. Kennedy Investment Group now owns 29,199 shares of the company’s stock valued at $1,080,000 after acquiring an additional 319 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded up $0.35 on Wednesday, hitting $38.42. The company had a trading volume of 3,279,353 shares, compared to its average volume of 8,030,901. 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 Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $41.47. The business has a 50 day moving average of $35.98 and a 200 day moving average of $35.48. The company has a market cap of $46.70 billion, a PE ratio of 16.48, a PEG ratio of 3.01 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly 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. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. As a group, equities analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 69.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KHC. Citigroup began coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Bank of America boosted their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.