Aigen Investment Management LP Has $1.06 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Aigen Investment Management LP lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 500.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,641 shares of the company’s stock after buying an additional 28,875 shares during the quarter. Aigen Investment Management LP’s holdings in Kraft Heinz were worth $1,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KHC. Farther Finance Advisors LLC boosted its stake in Kraft Heinz by 19.9% during the 3rd 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 last quarter. Chicago Partners Investment Group LLC bought a new position in Kraft Heinz during the 3rd quarter worth approximately $203,000. Janney Montgomery Scott LLC boosted its stake in Kraft Heinz by 26.3% during the 3rd 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 last quarter. Van ECK Associates Corp boosted its stake in Kraft Heinz by 218.1% during the 3rd 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 last quarter. Finally, National Pension Service boosted its stake in Kraft Heinz by 27.3% during the 3rd 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 last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen reduced their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. UBS Group cut their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Piper Sandler cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price target for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Price Performance

Shares of KHC opened at $30.99 on Thursday. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a market cap of $37.03 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 3.39 and a beta of 0.40. The company’s fifty day simple moving average is $29.80 and its 200 day simple moving average is $32.34. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend 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.