1,936 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Graney & King LLC

Graney & King 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 1,936 shares of the company’s stock, valued at approximately $59,000.

Several other large investors also recently made changes to their positions in KHC. Sawyer & Company Inc acquired a new position in Kraft Heinz during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz in the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in Kraft Heinz during the 4th quarter valued at $29,000. Larson Financial Group LLC increased its stake in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares during the period. Finally, R Squared Ltd acquired a new position in Kraft Heinz in the 4th quarter worth $34,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group cut their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Piper Sandler decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $30.73.

Kraft Heinz Trading Down 0.1 %

Shares of NASDAQ KHC opened at $29.10 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 market cap of $34.77 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $29.93 and its 200 day simple moving average is $31.80.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (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%. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.50%. Kraft Heinz’s payout ratio is currently 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.