Measured Risk Portfolios Inc. Takes $1.77 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Measured Risk Portfolios Inc. acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,750 shares of the company’s stock, valued at approximately $1,774,000. Kraft Heinz accounts for approximately 1.9% of Measured Risk Portfolios Inc.’s holdings, making the stock its 23rd largest position.

Several other large investors also recently added to or reduced their stakes in KHC. Vanguard Group Inc. lifted its stake in Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock worth $2,779,524,000 after acquiring an additional 14,996,486 shares during the period. Norges Bank bought a new position in Kraft Heinz in the fourth quarter worth $324,857,000. Fairfax Financial Holdings Ltd. Can raised its holdings in Kraft Heinz by 341.9% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company’s stock worth $101,773,000 after purchasing an additional 2,564,000 shares in the last quarter. Criteria Caixa S.A.U. bought a new position in Kraft Heinz in the fourth quarter worth $73,316,000. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Kraft Heinz by 96.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock worth $87,777,000 after purchasing an additional 1,403,220 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC opened at $28.15 on Tuesday. The firm has a market cap of $33.32 billion, a P/E ratio of 12.46, a PEG ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $36.70. The company has a 50 day simple moving average of $29.56 and a two-hundred day simple moving average of $30.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly 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. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.68%. Kraft Heinz’s dividend payout ratio is presently 73.06%.

Analyst Ratings Changes

KHC has been the subject of a number of research reports. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Stifel Nicolaus decreased their price objective on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Sanford C. Bernstein downgraded Kraft Heinz from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Finally, UBS Group reduced their price target on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.65.

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.