Homestead Advisers Corp Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Homestead Advisers Corp increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 899,800 shares of the company’s stock after acquiring an additional 34,200 shares during the period. Homestead Advisers Corp owned about 0.07% of Kraft Heinz worth $27,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sawyer & Company Inc purchased a new stake in Kraft Heinz in the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz in the fourth quarter valued at about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz in the fourth quarter worth about $29,000. Larson Financial Group LLC grew its stake in shares of Kraft Heinz by 191.0% during 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 during the period. Finally, R Squared Ltd purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at about $34,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 2.0 %

Shares of NASDAQ:KHC opened at $29.69 on Thursday. The firm has a market capitalization of $35.48 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The business has a 50 day simple moving average of $29.95 and a two-hundred day simple moving average of $31.79. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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 7.58% and a net margin of 10.62%. On average, equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.39%. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KHC. Jefferies Financial Group cut their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. TD Cowen reduced their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Evercore ISI reissued an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. UBS Group decreased their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their price objective on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.73.

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.