PFG Investments LLC Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

PFG Investments LLC increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,411 shares of the company’s stock after purchasing an additional 1,017 shares during the period. PFG Investments LLC’s holdings in Kraft Heinz were worth $496,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Alhambra Investment Management LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $467,000. Abundance Wealth Counselors raised its holdings in Kraft Heinz by 10.3% during the fourth quarter. Abundance Wealth Counselors now owns 25,885 shares of the company’s stock worth $957,000 after purchasing an additional 2,423 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Kraft Heinz by 169.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 587,180 shares of the company’s stock worth $21,714,000 after purchasing an additional 369,231 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Kraft Heinz by 405.0% during the fourth quarter. Pacer Advisors Inc. now owns 609,693 shares of the company’s stock worth $22,546,000 after purchasing an additional 488,958 shares in the last quarter. Finally, FSC Wealth Advisors LLC raised its holdings in Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after purchasing an additional 270 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kraft Heinz news, Director Miguel Patricio sold 131,500 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total transaction of $4,999,630.00. Following the transaction, the director now owns 992,049 shares of the company’s stock, valued at $37,717,702.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

Kraft Heinz Stock Performance

Shares of KHC opened at $36.53 on Thursday. 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 company has a market capitalization of $44.41 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.87 and a beta of 0.67. The company’s 50 day simple moving average is $35.96 and its 200 day simple moving average is $35.00. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, sell-side analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, March 7th. Kraft Heinz’s dividend payout ratio is currently 69.26%.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price 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. Citigroup initiated coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Finally, Evercore ISI upgraded shares of Kraft Heinz from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $42.00 in a research report on Monday, December 11th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.57.

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.