Aquila Investment Management LLC Raises Position in The Kraft Heinz Company (NASDAQ:KHC)

Aquila Investment Management LLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Aquila Investment Management LLC’s holdings in Kraft Heinz were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Fairfield Bush & CO. bought a new stake in shares of Kraft Heinz during the 1st quarter valued at $65,000. Acadian Asset Management LLC raised its position in shares of Kraft Heinz by 197.7% during the 1st quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock valued at $90,000 after purchasing an additional 1,548 shares during the period. Raymond James Trust N.A. raised its position in shares of Kraft Heinz by 4.0% during the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock valued at $624,000 after purchasing an additional 614 shares during the period. Sei Investments Co. raised its position in shares of Kraft Heinz by 208.7% during the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock valued at $4,679,000 after purchasing an additional 78,677 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Kraft Heinz in the 1st quarter valued at $293,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $35.94 on Friday. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47. The stock has a market capitalization of $43.69 billion, a P/E ratio of 15.56, a PEG ratio of 2.84 and a beta of 0.67. The firm has a fifty day simple moving average of $35.88 and a two-hundred day simple moving average of $35.28. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period last year, the company posted $0.85 EPS. The business’s revenue was down 7.1% on a year-over-year basis. On average, analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.45%. Kraft Heinz’s dividend payout ratio is presently 69.26%.

Analysts Set New Price Targets

A number of analysts have issued reports on KHC shares. Citigroup started coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.57.

Check Out Our Latest Report on KHC

Kraft Heinz Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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