2,157 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Summit Securities Group LLC

Summit Securities Group LLC purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,157 shares of the company’s stock, valued at approximately $66,000.

A number of other large investors also recently bought and sold shares of the stock. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in Kraft Heinz in the fourth quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its stake in Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC opened at $30.24 on Monday. 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 1-year low of $27.25 and a 1-year high of $38.96. The company has a 50-day moving average of $29.99 and a 200-day moving average of $31.69. The company has a market capitalization of $36.14 billion, a P/E ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate 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 expect 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 was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KHC. TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Piper Sandler decreased their target price on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.73.

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.