Pingora Partners LLC Purchases 14,248 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Pingora Partners LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 59.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,148 shares of the company’s stock after acquiring an additional 14,248 shares during the quarter. Kraft Heinz accounts for about 0.8% of Pingora Partners LLC’s holdings, making the stock its 28th largest position. Pingora Partners LLC’s holdings in Kraft Heinz were worth $1,172,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KHC. Sawyer & Company Inc acquired a new stake in Kraft Heinz during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $29,000. R Squared Ltd bought a new stake in Kraft Heinz in the fourth quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new position in Kraft Heinz in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KHC shares. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. TD Cowen reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Sanford C. Bernstein cut shares of Kraft Heinz from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $34.00 to $31.00 in a research report on Tuesday. The Goldman Sachs Group reduced their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.69.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $29.64 on Friday. The stock has a market cap of $35.37 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The stock has a 50-day moving average of $30.06 and a 200-day moving average of $30.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, sell-side analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.40%. Kraft Heinz’s payout ratio is 70.80%.

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.