The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,751 shares of the company’s stock after buying an additional 1,141 shares during the quarter. Savant Capital LLC’s holdings in Kraft Heinz were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC grew its holdings in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after buying an additional 529 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz in the 3rd quarter valued at about $27,000. Sawyer & Company Inc purchased a new stake in Kraft Heinz in the 4th quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in Kraft Heinz in the 3rd quarter valued at about $33,000. Finally, Larson Financial Group LLC lifted its stake in shares of Kraft Heinz by 191.0% in 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 in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.1 %

KHC stock opened at $28.92 on Tuesday. The business has a fifty day moving average price of $29.90 and a 200 day moving average price of $32.72. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 3.74 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

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 7.46% and a net margin of 5.24%. Analysts expect that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 dividend yield of 5.53%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research analyst reports. StockNews.com lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday. Barclays reduced their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday. The Goldman Sachs Group reduced their price objective on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Finally, Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average target price 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.