Waldron Private Wealth LLC Acquires 779 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Waldron Private Wealth LLC increased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 7,530 shares of the company’s stock after purchasing an additional 779 shares during the period. Waldron Private Wealth LLC’s holdings in Kraft Heinz were worth $278,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in Kraft Heinz in the 3rd quarter valued at $26,000. Ancora Advisors LLC boosted its position in Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after buying an additional 272 shares during the last quarter. Riverview Trust Co bought a new position in Kraft Heinz in the 3rd quarter valued at $27,000. Turtle Creek Wealth Advisors LLC bought a new position in Kraft Heinz in the 4th quarter valued at $32,000. Finally, BKM Wealth Management LLC bought a new position in Kraft Heinz in the 4th quarter valued at $33,000. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KHC shares. Wells Fargo & Company cut 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. Citigroup began coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Bank of America raised their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average target price of $40.71.

Kraft Heinz Stock Performance

KHC opened at $36.59 on Wednesday. The business’s 50-day moving average price is $35.85 and its two-hundred day moving average price is $35.32. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The company has a market capitalization of $44.48 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 2.87 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results 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. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is 69.26%.

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.