CreativeOne Wealth LLC Increases Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

CreativeOne Wealth LLC grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 29.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,490 shares of the company’s stock after purchasing an additional 1,914 shares during the quarter. CreativeOne Wealth LLC’s holdings in Kraft Heinz were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Te Ahumairangi Investment Management Ltd grew its holdings in Kraft Heinz by 8.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 188,140 shares of the company’s stock valued at $6,568,000 after purchasing an additional 14,300 shares during the period. World Investment Advisors LLC grew its stake in shares of Kraft Heinz by 30.9% during the 3rd quarter. World Investment Advisors LLC now owns 8,861 shares of the company’s stock valued at $311,000 after acquiring an additional 2,094 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Kraft Heinz by 754.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 128,589 shares of the company’s stock worth $4,515,000 after acquiring an additional 113,538 shares in the last quarter. Tidal Investments LLC raised its stake in Kraft Heinz by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 84,675 shares of the company’s stock worth $2,973,000 after acquiring an additional 2,889 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its holdings in Kraft Heinz by 13.3% during the third quarter. Peapack Gladstone Financial Corp now owns 59,554 shares of the company’s stock valued at $2,091,000 after purchasing an additional 7,004 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $29.46 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company’s 50-day moving average price is $29.98 and its 200-day moving average price is $31.04. The company has a market cap of $35.16 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Wall Street Analyst Weigh In

KHC has been the topic of several recent analyst reports. Citigroup restated a “sell” rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.67.

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.