140,840 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 140,840 shares of the company’s stock, valued at approximately $4,325,000.

Several other hedge funds also recently bought and sold shares of KHC. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Kraft Heinz during the 3rd quarter valued at about $33,000. Larson Financial Group LLC boosted its holdings in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $34,000. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore ISI reissued an “in-line” rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. UBS Group dropped their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. TD Cowen lowered their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered 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. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $32.18 on Friday. 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 Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The firm has a market capitalization of $38.45 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company’s 50-day moving average is $29.85 and its 200 day moving average is $32.31.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data 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%. Research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 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.