Diligent Investors LLC Has $608,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Diligent Investors LLC decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,805 shares of the company’s stock after selling 879 shares during the quarter. Diligent Investors LLC’s holdings in Kraft Heinz were worth $608,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the period. Norges Bank bought a new position in shares of Kraft Heinz during the fourth quarter worth $324,857,000. Criteria Caixa S.A.U. bought a new stake in shares of Kraft Heinz in the 4th quarter valued at $73,316,000. Thompson Siegel & Walmsley LLC raised its stake in Kraft Heinz by 96.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock worth $87,777,000 after buying an additional 1,403,220 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Kraft Heinz in the fourth quarter valued at about $39,339,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $28.40 on Wednesday. The company has a market capitalization of $33.61 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.39 and a beta of 0.30. 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 Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $36.70. The stock’s 50 day moving average is $29.78 and its 200-day moving average is $30.57.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is currently 73.06%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler reduced their price target 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. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Morgan Stanley initiated coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They set an “underweight” rating and a $29.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.63.

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.