Simplicity Solutions LLC Has $459,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Simplicity Solutions LLC lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,425 shares of the company’s stock after acquiring an additional 1,074 shares during the period. Simplicity Solutions LLC’s holdings in Kraft Heinz were worth $459,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Ingalls & Snyder LLC grew its stake in Kraft Heinz by 3.1% during the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock worth $370,000 after buying an additional 300 shares in the last quarter. ORG Partners LLC grew its stake in Kraft Heinz by 394.9% during the fourth quarter. ORG Partners LLC now owns 7,522 shares of the company’s stock worth $278,000 after buying an additional 6,002 shares in the last quarter. First Personal Financial Services grew its stake in Kraft Heinz by 15.8% during the fourth quarter. First Personal Financial Services now owns 8,899 shares of the company’s stock worth $329,000 after buying an additional 1,213 shares in the last quarter. Kennedy Investment Group grew its stake in Kraft Heinz by 1.1% during the fourth quarter. Kennedy Investment Group now owns 29,199 shares of the company’s stock worth $1,080,000 after buying an additional 319 shares in the last quarter. Finally, Sapient Capital LLC acquired a new stake in Kraft Heinz during the fourth quarter worth about $371,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.6 %

Shares of NASDAQ KHC opened at $37.11 on Friday. The company has a 50 day simple moving average of $35.87 and a 200 day simple moving average of $35.36. The firm has a market cap of $45.11 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.31%. Kraft Heinz’s payout ratio is 69.26%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KHC. Citigroup began coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price for the company. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Bank of America increased their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.