Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 20.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 17,647 shares of the company’s stock after buying an additional 3,052 shares during the quarter. Signaturefd LLC’s holdings in Kraft Heinz were worth $537,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of KHC. Generali Investments Management Co LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Kraft Heinz in the 4th quarter worth about $29,000. Rossby Financial LCC bought a new stake in Kraft Heinz during the 1st quarter worth about $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz during the 1st quarter valued at about $33,000. Finally, Pinney & Scofield Inc. bought a new position in shares of Kraft Heinz during the fourth quarter worth $38,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

KHC opened at $28.13 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.53. The company has a market cap of $33.29 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 3.23 and a beta of 0.25. The stock has a fifty day simple moving average of $26.68 and a two-hundred day simple moving average of $28.65.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. Research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Friday, May 30th. Kraft Heinz’s payout ratio is 73.06%.

Analysts Set New Price Targets

KHC has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on shares of Kraft Heinz from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a “neutral” rating in a research note on Wednesday, May 28th. UBS Group decreased their price target on shares of Kraft Heinz from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday. Morgan Stanley assumed coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an “underweight” rating and a $29.00 price objective for the company. Finally, Citigroup reaffirmed a “sell” rating and set a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company’s stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average target price of $30.29.

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.