Nebula Research & Development LLC Has $474,000 Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Nebula Research & Development LLC lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 164.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,441 shares of the company’s stock after acquiring an additional 9,595 shares during the quarter. Nebula Research & Development LLC’s holdings in Kraft Heinz were worth $474,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz in the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new position in Kraft Heinz in the 4th quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in Kraft Heinz in the 4th quarter worth approximately $29,000. R Squared Ltd acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Kraft Heinz during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on KHC. Cfra Research cut Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Stifel Nicolaus reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley began coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an “underweight” rating and a $29.00 price objective on the stock. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.69.

Kraft Heinz Trading Up 0.2 %

Kraft Heinz stock opened at $28.87 on Wednesday. The business’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $30.81. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.72. The firm has a market capitalization of $34.45 billion, a PE ratio of 12.77, a PEG ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.54%. Kraft Heinz’s dividend payout ratio is 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.