6,263 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Opinicus Capital Inc.

Opinicus Capital Inc. purchased a new position in The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,263 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds also recently modified their holdings of KHC. Raymond James Trust N.A. boosted its position in shares of Kraft Heinz by 11.0% during the fourth quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after purchasing an additional 3,916 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in Kraft Heinz in the 3rd quarter valued at $5,399,000. Cutter & CO Brokerage Inc. increased its stake in shares of Kraft Heinz by 6.6% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 13,857 shares of the company’s stock worth $512,000 after purchasing an additional 864 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Kraft Heinz by 16.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock worth $59,478,000 after buying an additional 247,896 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Kraft Heinz by 42.5% in the 4th quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock valued at $16,934,000 after purchasing an additional 136,556 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.5 %

Shares of KHC stock traded down $0.21 on Friday, hitting $38.16. The stock had a trading volume of 5,342,375 shares, compared to its average volume of 6,515,615. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47. The business has a 50 day moving average of $36.20 and a 200 day moving average of $35.59. The stock has a market cap of $46.39 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. As a group, analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.19%. Kraft Heinz’s payout ratio is presently 69.26%.

Analysts Set New Price Targets

A number of research firms have issued reports on KHC. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Citigroup began coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target for the company. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Finally, Bank of America upped their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $40.57.

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.