Checchi Capital Advisers LLC Buys 366 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Checchi Capital Advisers LLC boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,265 shares of the company’s stock after acquiring an additional 366 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Kraft Heinz were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kraft Heinz during the 3rd quarter valued at about $411,304,000. State Street Corp boosted its stake in Kraft Heinz by 16.7% in 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 in the last quarter. Geode Capital Management LLC grew its position 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 valued at $669,821,000 after acquiring an additional 1,944,019 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of 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 acquiring an additional 1,238,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Kraft Heinz by 1,139.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after acquiring an additional 1,170,814 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Piper Sandler lowered their price objective 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. StockNews.com lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. The Goldman Sachs Group dropped their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective 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. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Up 0.1 %

Shares of Kraft Heinz stock opened at $30.65 on Friday. The company has a 50-day simple moving average of $29.77 and a two-hundred day simple moving average of $32.45. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market capitalization of $36.63 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.22%. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

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.