Aigen Investment Management LP Acquires 28,875 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Aigen Investment Management LP grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 500.8% in the fourth quarter, HoldingsChannel reports. The fund owned 34,641 shares of the company’s stock after buying an additional 28,875 shares during the period. Aigen Investment Management LP’s holdings in Kraft Heinz were worth $1,064,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. New York Life Investment Management LLC lifted its position in Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after purchasing an additional 361 shares during the period. Checchi Capital Advisers LLC lifted its position in Kraft Heinz by 5.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after purchasing an additional 366 shares during the period. Winch Advisory Services LLC lifted its position in Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares during the period. Pinnacle Financial Partners Inc lifted its position in Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after purchasing an additional 381 shares during the period. Finally, Smith Thornton Advisors LLC lifted its position in Kraft Heinz by 2.1% during the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after purchasing an additional 435 shares during the period. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the subject of several recent analyst reports. Citigroup cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. The Goldman Sachs Group cut their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Evercore ISI reissued an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. TD Cowen dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Bank of America cut shares of Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $30.99 on Thursday. The business has a 50 day moving average of $29.80 and a 200-day moving average of $32.34. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. 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 company has a market capitalization of $37.03 billion, a P/E ratio of 13.71, a P/E/G ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is presently 70.80%.

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.