White Knight Strategic Wealth Advisors LLC Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

White Knight Strategic Wealth Advisors LLC increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 95.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,790 shares of the company’s stock after purchasing an additional 14,554 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Kraft Heinz were worth $915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at about $2,048,000. FLC Capital Advisors increased its position in Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock valued at $573,000 after acquiring an additional 10,214 shares during the period. SG Americas Securities LLC raised its stake in Kraft Heinz by 511.7% during the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company’s stock valued at $1,312,000 after acquiring an additional 35,725 shares during the last quarter. 1834 Investment Advisors Co. acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $470,000. Finally, Sound Income Strategies LLC grew its stake in shares of Kraft Heinz by 124.0% in the 4th quarter. Sound Income Strategies LLC now owns 275,675 shares of the company’s stock valued at $8,466,000 after purchasing an additional 152,584 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $27.88 on Tuesday. 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 cap of $33.00 billion, a PE ratio of 12.34, a P/E/G ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 1 year low of $27.14 and a 1 year high of $36.53. The stock has a fifty day moving average price of $29.17 and a 200 day moving average price of $30.11.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 EPS. Sell-side analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.74%. Kraft Heinz’s dividend payout ratio is presently 73.06%.

Wall Street Analyst Weigh In

KHC has been the subject of several analyst reports. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. DZ Bank cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Friday, May 9th. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.