The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 26.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 26,511 shares of the company’s stock after purchasing an additional 5,625 shares during the period. Avior Wealth Management LLC’s holdings in Kraft Heinz were worth $980,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 0.6% during the third quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock valued at $2,362,053,000 after acquiring an additional 417,115 shares during the period. State Street Corp grew its position in Kraft Heinz by 4.4% in the first quarter. State Street Corp now owns 33,344,178 shares of the company’s stock worth $1,313,427,000 after buying an additional 1,397,795 shares during the last quarter. Invesco Ltd. grew its position in Kraft Heinz by 10.7% in the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock worth $827,581,000 after buying an additional 2,369,080 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Kraft Heinz by 1,835.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock worth $794,964,000 after buying an additional 18,518,584 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Kraft Heinz by 1.1% in the first quarter. Geode Capital Management LLC now owns 15,062,665 shares of the company’s stock worth $581,169,000 after buying an additional 161,170 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on KHC shares. Citigroup started coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Finally, Bank of America lifted their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.71.

Kraft Heinz Trading Up 0.8 %

Kraft Heinz stock opened at $36.90 on Thursday. The company has a 50 day moving average price of $35.86 and a 200 day moving average price of $35.34. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The firm has a market capitalization of $44.86 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 2.89 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.26%.

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.