Callan Capital LLC Has $569,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Callan Capital LLC lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 219.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,542 shares of the company’s stock after purchasing an additional 12,731 shares during the period. Callan Capital LLC’s holdings in Kraft Heinz were worth $569,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KHC. Hotchkis & Wiley Capital Management LLC bought a new position in Kraft Heinz during the third quarter worth $411,304,000. State Street Corp raised its stake in Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC raised its stake in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares during the last quarter. Nordea Investment Management AB raised its stake in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Kraft Heinz by 1,139.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after buying an additional 1,170,814 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the subject of a number of analyst reports. Evercore ISI reissued an “in-line” rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Barclays decreased their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Mizuho downgraded shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Trading Up 3.2 %

NASDAQ:KHC opened at $31.13 on Friday. 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 firm has a 50-day moving average of $29.73 and a 200-day moving average of $32.54. The company has a market cap of $37.20 billion, a PE ratio of 13.77, a PEG ratio of 3.39 and a beta of 0.47. 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 EPS 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, equities research 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.14%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

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.