The Kraft Heinz Company (NASDAQ:KHC) Position Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,938 shares of the company’s stock after purchasing an additional 3,126 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Kraft Heinz were worth $336,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after buying an additional 545,504 shares in the last quarter. Banque Cantonale Vaudoise grew its position in Kraft Heinz by 52.5% in the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after acquiring an additional 58,665 shares in the last quarter. Brookstone Capital Management increased its stake in shares of Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after purchasing an additional 238,913 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Kraft Heinz by 12.6% during the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after purchasing an additional 54,656 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 0.1 %

Shares of KHC opened at $30.23 on Friday. The stock’s 50-day moving average price is $29.86 and its 200 day moving average price is $32.12. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.29%. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI reissued an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday. 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. Wells Fargo & Company decreased their price objective on shares of 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, Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.86.

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.