Lindbrook Capital LLC Has $124,000 Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Lindbrook Capital LLC raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 44.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,347 shares of the company’s stock after acquiring an additional 1,032 shares during the period. Lindbrook Capital LLC’s holdings in Kraft Heinz were worth $124,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KHC. Raymond James Trust N.A. raised its holdings in shares of Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after buying an additional 3,916 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $5,399,000. Victory Capital Management Inc. lifted its position in shares of Kraft Heinz by 16.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock worth $59,478,000 after buying an additional 247,896 shares during the period. Cerity Partners LLC lifted its position in shares of Kraft Heinz by 42.5% during the 4th quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock worth $16,934,000 after buying an additional 136,556 shares during the period. Finally, FMR LLC lifted its position in shares of Kraft Heinz by 37.9% during the 3rd quarter. FMR LLC now owns 3,029,052 shares of the company’s stock worth $101,897,000 after buying an additional 832,653 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.2 %

NASDAQ KHC opened at $38.07 on Wednesday. The stock has a fifty day moving average of $35.98 and a 200-day moving average of $35.48. The stock has a market capitalization of $46.28 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. 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.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.20%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several analyst reports. Bank of America raised their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Wells Fargo & Company cut their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Citigroup initiated coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target 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.