Signaturefd LLC Buys 1,052 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Signaturefd LLC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,452 shares of the company’s stock after acquiring an additional 1,052 shares during the period. Signaturefd LLC’s holdings in Kraft Heinz were worth $645,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. OFI Invest Asset Management purchased a new position in Kraft Heinz during the 3rd quarter worth $26,000. Riverview Trust Co purchased a new position in Kraft Heinz during the 3rd quarter worth $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in Kraft Heinz during the 4th quarter worth $32,000. BKM Wealth Management LLC purchased a new position in Kraft Heinz during the 4th quarter worth $33,000. Finally, Headinvest LLC purchased a new position in Kraft Heinz during the 3rd quarter worth $38,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Down 0.2 %

Shares of NASDAQ KHC opened at $38.07 on Wednesday. The stock has a market cap of $46.28 billion, a P/E ratio of 16.48, a PEG ratio of 3.01 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47. The business’s fifty day simple moving average is $35.98 and its 200-day simple moving average is $35.48.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. As a group, equities analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is currently 69.26%.

Analyst Ratings Changes

Several analysts have weighed in on KHC shares. Wells Fargo & Company dropped their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Bank of America upped their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Citigroup initiated coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and a consensus price target of $40.57.

About Kraft Heinz

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.