Thrivent Financial for Lutherans Has $1.71 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Thrivent Financial for Lutherans boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,155 shares of the company’s stock after purchasing an additional 2,527 shares during the period. Thrivent Financial for Lutherans’ holdings in Kraft Heinz were worth $1,708,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in shares of Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares during the last quarter. R Squared Ltd acquired a new position in shares of Kraft Heinz during the fourth quarter worth $34,000. OFI Invest Asset Management bought a new position in shares of Kraft Heinz in the 4th quarter valued at $36,000. Finally, Kennondale Capital Management LLC acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $30.24 on Friday. The firm has a market capitalization of $36.14 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a fifty day moving average of $29.99 and a 200-day moving average of $31.71. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.29%. Kraft Heinz’s dividend payout ratio is 70.80%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley initiated coverage on Kraft Heinz in a research report on Monday, March 24th. They issued an “underweight” rating and a $29.00 target price for the company. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Piper Sandler cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Wells Fargo & Company decreased their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.73.

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.