Altrius Capital Management Inc Has $4.05 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Altrius Capital Management Inc grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 131,716 shares of the company’s stock after buying an additional 4,864 shares during the period. Altrius Capital Management Inc’s holdings in Kraft Heinz were worth $4,045,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. New York Life Investment Management LLC lifted its stake in Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after purchasing an additional 361 shares during the period. Checchi Capital Advisers LLC boosted its stake in Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after acquiring an additional 366 shares during the last quarter. Winch Advisory Services LLC grew its holdings in Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after purchasing an additional 380 shares during the period. Pinnacle Financial Partners Inc increased its stake in Kraft Heinz by 4.2% in the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after purchasing an additional 381 shares in the last quarter. Finally, Smith Thornton Advisors LLC raised its holdings in Kraft Heinz by 2.1% in the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after purchasing an additional 435 shares during the period. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 0.1 %

Kraft Heinz stock opened at $30.65 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 company’s 50-day moving average is $29.77 and its 200-day moving average is $32.45. The firm has a market capitalization of $36.63 billion, a PE ratio of 13.56, a P/E/G ratio of 3.39 and a beta of 0.47. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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

Wall Street Analysts Forecast Growth

KHC has been the subject of several research analyst reports. 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 report on Friday, February 14th. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Wells Fargo & Company dropped 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 report on Thursday, February 13th. UBS Group reduced their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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 equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.86.

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.