The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Kendall Capital Management

Kendall Capital Management grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 13.8% during the fourth quarter, Holdings Channel reports. The firm owned 79,525 shares of the company’s stock after acquiring an additional 9,640 shares during the period. Kendall Capital Management’s holdings in Kraft Heinz were worth $2,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in Kraft Heinz by 218.1% in the third quarter. Van ECK Associates Corp now owns 122,661 shares of the company’s stock valued at $4,355,000 after purchasing an additional 84,102 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Kraft Heinz by 14.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,097,084 shares of the company’s stock valued at $38,519,000 after purchasing an additional 138,101 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Kraft Heinz in the 3rd quarter valued at $33,000. Crumly & Associates Inc. raised its holdings in shares of Kraft Heinz by 14.8% in the 3rd quarter. Crumly & Associates Inc. now owns 16,866 shares of the company’s stock valued at $592,000 after buying an additional 2,176 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Kraft Heinz by 1.1% in the 3rd quarter. Assetmark Inc. now owns 97,462 shares of the company’s stock valued at $3,422,000 after buying an additional 1,070 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 2.9 %

KHC opened at $32.18 on Friday. 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 business has a 50 day simple moving average of $29.85 and a 200-day simple moving average of $32.29. The stock has a market capitalization of $38.45 billion, a P/E ratio of 14.24, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results 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 return on equity of 7.58% and a net margin of 10.62%. On average, equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.97%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is currently 70.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. UBS Group dropped their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Jefferies Financial Group dropped their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.86.

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.