Transcend Capital Advisors LLC Has $913,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Transcend Capital Advisors LLC reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,691 shares of the company’s stock after selling 4,827 shares during the period. Transcend Capital Advisors LLC’s holdings in Kraft Heinz were worth $913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KHC. FSC Wealth Advisors LLC boosted its position in Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after purchasing an additional 270 shares during the last quarter. Archer Investment Corp boosted its position in Kraft Heinz by 2.0% during the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after purchasing an additional 294 shares during the last quarter. Ingalls & Snyder LLC boosted its position in Kraft Heinz by 3.1% during the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock valued at $370,000 after purchasing an additional 300 shares during the last quarter. Econ Financial Services Corp boosted its position in Kraft Heinz by 0.6% during the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock valued at $1,793,000 after purchasing an additional 310 shares during the last quarter. Finally, Kennedy Investment Group boosted its position in Kraft Heinz by 1.1% during the fourth quarter. Kennedy Investment Group now owns 29,199 shares of the company’s stock valued at $1,080,000 after purchasing an additional 319 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KHC. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Bank of America upped their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.57.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $38.16 on Monday. The stock’s fifty day moving average price is $36.20 and its two-hundred day moving average price is $35.61. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The firm has a market cap of $46.39 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s revenue was down 7.1% on a year-over-year basis. As a group, research analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is presently 69.26%.

Kraft Heinz 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.