Signaturefd LLC Purchases 3,052 Shares of Kraft Heinz Company (NASDAQ:KHC)

Signaturefd LLC raised its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 20.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,647 shares of the company’s stock after purchasing an additional 3,052 shares during the quarter. Signaturefd LLC’s holdings in Kraft Heinz were worth $537,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KHC. Vanguard Group Inc. lifted 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 valued at $2,779,524,000 after buying an additional 14,996,486 shares in the last quarter. Norges Bank acquired a new stake in shares of Kraft Heinz in the 4th quarter worth $324,857,000. Southeastern Asset Management Inc. TN acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $87,080,000. Fairfax Financial Holdings Ltd. Can boosted its holdings in Kraft Heinz by 341.9% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company’s stock valued at $101,773,000 after acquiring an additional 2,564,000 shares during the period. Finally, Criteria Caixa S.A.U. acquired a new position in Kraft Heinz during the fourth quarter worth approximately $73,316,000. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KHC. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a “neutral” rating in a report on Wednesday, May 28th. Cfra Research downgraded Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Citigroup reiterated a “sell” rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. UBS Group reduced their target price on Kraft Heinz from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Sanford C. Bernstein lowered Kraft Heinz from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.29.

Kraft Heinz Stock Up 2.0%

KHC stock opened at $28.13 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. The firm has a market capitalization of $33.29 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 3.23 and a beta of 0.25. The company’s 50 day moving average price is $26.68 and its 200 day moving average price is $28.65. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The business’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 EPS. On average, equities research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.69%. The ex-dividend date was Friday, May 30th. Kraft Heinz’s payout ratio is presently 73.06%.

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.