Price T Rowe Associates Inc. MD Raises Stake in The Kraft Heinz Company (NASDAQ:KHC)

Price T Rowe Associates Inc. MD lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,267,837 shares of the company’s stock after acquiring an additional 10,702 shares during the period. Price T Rowe Associates Inc. MD owned 0.10% of Kraft Heinz worth $38,936,000 as of its most recent filing with the Securities & Exchange Commission.

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

Kraft Heinz Stock Up 0.2 %

Kraft Heinz stock opened at $28.87 on Wednesday. The stock has a 50 day moving average of $30.02 and a two-hundred day moving average of $30.81. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.72. The stock has a market capitalization of $34.45 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 3.39 and a beta of 0.44. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the firm posted $0.69 EPS. Kraft Heinz’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.54%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several recent research reports. Evercore ISI reissued an “in-line” rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. 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. Citigroup reiterated a “sell” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Cfra Research cut shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 16th. Finally, UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.69.

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.