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

Graney & King LLC acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,936 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors also recently bought and sold shares of KHC. Thrivent Financial for Lutherans increased its stake in shares of Kraft Heinz by 23.0% during the third quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company’s stock worth $1,848,000 after acquiring an additional 9,833 shares during the period. Cerity Partners LLC lifted its holdings in shares of Kraft Heinz by 5.5% in the 3rd quarter. Cerity Partners LLC now owns 486,653 shares of the company’s stock valued at $17,086,000 after buying an additional 25,444 shares during the period. Pitcairn Co. purchased a new stake in shares of Kraft Heinz in the third quarter valued at approximately $228,000. Swedbank AB grew its holdings in Kraft Heinz by 6.9% during the third quarter. Swedbank AB now owns 775,689 shares of the company’s stock worth $27,234,000 after acquiring an additional 50,063 shares during the period. Finally, Larson Financial Group LLC raised its position in Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Wells Fargo & Company reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.73.

Kraft Heinz Stock Down 0.1 %

KHC stock opened at $29.10 on Wednesday. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The stock has a market capitalization of $34.77 billion, a P/E ratio of 12.88, a PEG ratio of 3.39 and a beta of 0.40. The company has a 50 day moving average price of $29.93 and a two-hundred day moving average price of $31.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released its earnings results 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 return on equity of 7.58% and a net margin of 10.62%. As a group, sell-side analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current 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 issued 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 5.50%. Kraft Heinz’s dividend payout ratio (DPR) 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.