Capital Investment Advisory Services LLC Boosts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Capital Investment Advisory Services LLC raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 51.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,401 shares of the company’s stock after acquiring an additional 4,187 shares during the period. Capital Investment Advisory Services LLC’s holdings in Kraft Heinz were worth $459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Kraft Heinz by 21.6% during the 3rd quarter. CWM LLC now owns 13,947 shares of the company’s stock worth $469,000 after buying an additional 2,482 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Kraft Heinz by 7.1% during the 3rd quarter. AE Wealth Management LLC now owns 82,574 shares of the company’s stock worth $2,778,000 after buying an additional 5,454 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $236,000. Newbridge Financial Services Group Inc. raised its stake in shares of Kraft Heinz by 66.2% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 7,530 shares of the company’s stock worth $253,000 after buying an additional 3,000 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $27,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

KHC stock opened at $38.07 on Wednesday. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $41.47. The stock’s fifty day simple moving average is $35.98 and its 200-day simple moving average is $35.48. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $46.28 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lowered their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Citigroup assumed coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Bank of America upped their price target on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.57.

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.