Modera Wealth Management LLC Boosts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Modera Wealth Management LLC grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 13.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,714 shares of the company’s stock after acquiring an additional 807 shares during the quarter. Modera Wealth Management LLC’s holdings in Kraft Heinz were worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Kraft Heinz in the third quarter valued at approximately $27,000. Sawyer & Company Inc bought a new stake in Kraft Heinz during the 4th quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Kraft Heinz in the 3rd quarter worth $33,000. Larson Financial Group LLC grew its position in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares in the last quarter. Finally, Hara Capital LLC purchased a new position in shares of Kraft Heinz during the third quarter valued at $37,000. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KHC shares. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Bank of America cut shares of Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. 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. Finally, Barclays cut their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Trading Up 0.0 %

Kraft Heinz stock opened at $30.99 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market cap of $37.03 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The stock has a 50-day moving average of $29.80 and a two-hundred day moving average of $32.34. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) 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.