Pettyjohn Wood & White Inc. Has $264,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Pettyjohn Wood & White Inc. boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,602 shares of the company’s stock after buying an additional 1,663 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Kraft Heinz were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Argyle Capital Management LLC boosted its position in shares of Kraft Heinz by 59.6% in the 4th quarter. Argyle Capital Management LLC now owns 23,940 shares of the company’s stock worth $735,000 after purchasing an additional 8,940 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Kraft Heinz by 19.0% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 37,622 shares of the company’s stock worth $1,155,000 after buying an additional 6,000 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $2,482,000. Kovack Advisors Inc. increased its stake in shares of Kraft Heinz by 16.8% in the 4th quarter. Kovack Advisors Inc. now owns 6,889 shares of the company’s stock valued at $212,000 after acquiring an additional 990 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Kraft Heinz by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 334,800 shares of the company’s stock valued at $10,282,000 after acquiring an additional 5,600 shares during the period. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KHC has been the subject of several recent analyst reports. StockNews.com downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. UBS Group lowered their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Barclays decreased their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Piper Sandler dropped their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $30.65 on Friday. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company’s fifty day simple moving average is $29.77 and its 200-day simple moving average is $32.45. The firm has a market cap of $36.63 billion, a PE ratio of 13.56, a P/E/G ratio of 3.39 and a beta of 0.47. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

About Kraft Heinz

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.