Zurcher Kantonalbank Zurich Cantonalbank Purchases 169,858 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 113.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 319,802 shares of the company’s stock after acquiring an additional 169,858 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kraft Heinz were worth $11,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KHC. FSC Wealth Advisors LLC boosted its stake in Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after buying an additional 270 shares during the period. Ancora Advisors LLC increased its holdings in shares of Kraft Heinz by 69.9% in the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after buying an additional 272 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of Kraft Heinz by 3.1% in 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 during the period. Econ Financial Services Corp increased its holdings in shares of Kraft Heinz by 0.6% in the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock worth $1,793,000 after buying an additional 310 shares during the period. Finally, Kennedy Investment Group increased its holdings in shares of Kraft Heinz by 1.1% in 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 during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.8 %

KHC opened at $37.78 on Friday. The stock has a market cap of $45.93 billion, a PE ratio of 16.36, a PEG ratio of 2.93 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $35.91 and a 200-day moving average of $35.37. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Citigroup initiated coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average price target of $40.57.

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.