9,850 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Vision Financial Markets LLC

Vision Financial Markets LLC acquired a new position in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,850 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KHC. Farther Finance Advisors LLC increased its position in shares of Kraft Heinz by 19.9% during the third quarter. Farther Finance Advisors LLC now owns 11,328 shares of the company’s stock worth $398,000 after acquiring an additional 1,881 shares during the period. Chicago Partners Investment Group LLC purchased a new position in shares of Kraft Heinz during the third quarter worth approximately $203,000. Janney Montgomery Scott LLC increased its position in shares of Kraft Heinz by 26.3% during the third quarter. Janney Montgomery Scott LLC now owns 314,912 shares of the company’s stock worth $11,057,000 after acquiring an additional 65,672 shares during the period. Van ECK Associates Corp increased its position in shares of Kraft Heinz by 218.1% during the third quarter. Van ECK Associates Corp now owns 122,661 shares of the company’s stock worth $4,355,000 after acquiring an additional 84,102 shares during the period. Finally, National Pension Service increased its position in shares of Kraft Heinz by 27.3% during the third quarter. National Pension Service now owns 1,823,254 shares of the company’s stock worth $64,014,000 after acquiring an additional 390,477 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

Shares of KHC opened at $30.99 on Thursday. The company has a market cap of $37.03 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve 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 company has a 50 day moving average of $29.80 and a two-hundred day moving average of $32.34.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.16%. Kraft Heinz’s payout ratio is currently 70.80%.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research reports. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective 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. Finally, Evercore ISI reissued an “in-line” rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.86.

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.