Tower Research Capital LLC TRC Raises Position in The Kraft Heinz Company (NASDAQ:KHC)

Tower Research Capital LLC TRC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 150.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 99,530 shares of the company’s stock after buying an additional 59,820 shares during the period. Tower Research Capital LLC TRC’s holdings in Kraft Heinz were worth $3,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Te Ahumairangi Investment Management Ltd boosted its position in shares of Kraft Heinz by 8.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 188,140 shares of the company’s stock valued at $6,568,000 after buying an additional 14,300 shares during the period. World Investment Advisors LLC boosted its holdings in Kraft Heinz by 30.9% during the 3rd quarter. World Investment Advisors LLC now owns 8,861 shares of the company’s stock valued at $311,000 after acquiring an additional 2,094 shares during the period. Wilmington Savings Fund Society FSB grew its position in Kraft Heinz by 754.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 128,589 shares of the company’s stock valued at $4,515,000 after acquiring an additional 113,538 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Kraft Heinz by 3.5% during the third quarter. Tidal Investments LLC now owns 84,675 shares of the company’s stock worth $2,973,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in shares of Kraft Heinz by 13.3% during the third quarter. Peapack Gladstone Financial Corp now owns 59,554 shares of the company’s stock valued at $2,091,000 after purchasing an additional 7,004 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 1.6 %

KHC stock opened at $29.94 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm’s fifty day simple moving average is $30.01 and its 200-day simple moving average is $31.01. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a market capitalization of $35.73 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.34%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KHC shares. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Barclays lowered their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. TD Cowen lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $30.67.

Kraft Heinz Company 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.