Generali Investments Management Co LLC Acquires New Position in The Kraft Heinz Company (NASDAQ:KHC)

Generali Investments Management Co LLC bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 857 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KHC. GM Advisory Group LLC raised its position in Kraft Heinz by 18.4% in the fourth quarter. GM Advisory Group LLC now owns 16,814 shares of the company’s stock valued at $516,000 after purchasing an additional 2,609 shares during the period. Harvest Fund Management Co. Ltd increased its position in shares of Kraft Heinz by 27.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 71,163 shares of the company’s stock worth $2,165,000 after purchasing an additional 15,469 shares during the last quarter. Koss Olinger Consulting LLC purchased a new stake in Kraft Heinz in the 4th quarter valued at about $594,000. West Tower Group LLC lifted its position in Kraft Heinz by 80.0% in the fourth quarter. West Tower Group LLC now owns 13,500 shares of the company’s stock valued at $415,000 after buying an additional 6,000 shares during the last quarter. Finally, Xponance Inc. boosted its stake in Kraft Heinz by 2.9% during the fourth quarter. Xponance Inc. now owns 126,630 shares of the company’s stock worth $3,889,000 after buying an additional 3,516 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of KHC opened at $29.89 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $29.89 and its 200-day simple moving average is $32.01. The firm has a market capitalization of $35.72 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. Equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KHC shares. Barclays decreased their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Mizuho cut Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. TD Cowen dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.86.

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.