Sciencast Management LP Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

Sciencast Management LP acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 11,905 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds have also recently made changes to their positions in KHC. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC raised its holdings in shares of Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares during the last quarter. R Squared Ltd purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $36,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 0.6 %

KHC stock opened at $29.52 on Friday. 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 $35.28 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.39 and a beta of 0.40. The business has a 50 day simple moving average of $29.92 and a two-hundred day simple moving average of $31.93.

Kraft Heinz (NASDAQ:KHC) last posted 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%. Research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.42%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. UBS Group lowered their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Evercore ISI reissued an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz 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.