Vision Financial Markets LLC Invests $302,000 in The Kraft Heinz Company (NASDAQ:KHC)

Vision Financial Markets LLC acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,850 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp lifted its position in Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Geode Capital Management LLC lifted its position in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after purchasing an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Kraft Heinz during the third quarter valued at $411,304,000. Nordea Investment Management AB lifted its position in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Kraft Heinz by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company’s stock valued at $172,016,000 after purchasing an additional 293,694 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KHC shares. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. UBS Group cut their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. StockNews.com cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Finally, Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Up 0.0 %

KHC stock opened at $30.99 on Thursday. The stock has a market capitalization of $37.03 billion, a P/E ratio of 13.71, a P/E/G ratio of 3.39 and a beta of 0.40. The firm has a 50-day simple moving average of $29.80 and a 200-day simple moving average of $32.34. 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 Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

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 analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.16%. Kraft Heinz’s 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.