SRS Capital Advisors Inc. Acquires 2,971 Shares of The Kraft Heinz Company (NASDAQ:KHC)

SRS Capital Advisors Inc. lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 84.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,509 shares of the company’s stock after acquiring an additional 2,971 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Kraft Heinz were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after acquiring an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after acquiring an additional 1,944,019 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Kraft Heinz in the 3rd quarter worth about $411,304,000. Nordea Investment Management AB lifted its holdings in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 buying an additional 545,504 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.1 %

NASDAQ KHC opened at $30.98 on Wednesday. The company’s 50-day simple moving average is $29.80 and its two-hundred day simple moving average is $32.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a market capitalization of $37.02 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

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, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed 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 5.16%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is currently 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research analyst reports. TD Cowen decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Evercore ISI reiterated an “in-line” rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.86.

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.