The Kraft Heinz Company (NASDAQ:KHC) Stock Position Raised by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 46,417 shares of the company’s stock after buying an additional 3,996 shares during the period. J. Safra Sarasin Holding AG’s holdings in Kraft Heinz were worth $1,425,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

KHC has been the subject of a number of research reports. Mizuho cut Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Sanford C. Bernstein downgraded shares of Kraft Heinz from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $34.00 to $31.00 in a research report on Tuesday. The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Evercore ISI reissued an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.69.

Kraft Heinz Stock Up 0.9 %

Shares of KHC stock opened at $30.20 on Wednesday. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The firm has a market cap of $36.04 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The stock has a 50 day moving average of $30.02 and a 200-day moving average of $31.00.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.30%. Kraft Heinz’s dividend payout ratio is presently 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.