9,653 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Financial Management Network Inc.

Financial Management Network Inc. acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 9,653 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hara Capital LLC raised its position in Kraft Heinz by 61.9% during the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock valued at $52,000 after acquiring an additional 650 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Kraft Heinz during the fourth quarter valued at approximately $140,000. Kornitzer Capital Management Inc. KS raised its position in Kraft Heinz by 14.5% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 333,622 shares of the company’s stock valued at $10,246,000 after acquiring an additional 42,287 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Kraft Heinz by 73.7% in the fourth quarter. Venturi Wealth Management LLC now owns 5,122 shares of the company’s stock valued at $157,000 after purchasing an additional 2,174 shares during the period. Finally, Empower Advisory Group LLC raised its position in shares of Kraft Heinz by 0.3% in the fourth quarter. Empower Advisory Group LLC now owns 2,037,187 shares of the company’s stock valued at $62,562,000 after purchasing an additional 6,771 shares during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 1.4 %

KHC opened at $29.32 on Wednesday. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm’s fifty day moving average price is $29.80 and its two-hundred day moving average price is $32.62. The company has a market capitalization of $35.04 billion, a P/E ratio of 12.97, a P/E/G ratio of 3.25 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm 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 dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.46%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KHC. TD Cowen dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. Finally, Piper Sandler dropped their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.86.

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.