Apollon Wealth Management LLC Purchases 1,026 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Apollon Wealth Management LLC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,883 shares of the company’s stock after buying an additional 1,026 shares during the period. Apollon Wealth Management LLC’s holdings in Kraft Heinz were worth $672,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Kraft Heinz in the third quarter worth about $411,304,000. Nordea Investment Management AB increased its holdings in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after purchasing an additional 545,504 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $28.62 on Thursday. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average price is $30.02 and its 200-day moving average price is $32.83. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a market cap of $34.61 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.74 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Equities research analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.59%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KHC. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $38.00 to $31.00 in a report on Monday. Citigroup reduced their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Jefferies Financial Group reduced their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Barclays reduced their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.36.

Kraft Heinz Company 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.