Kraft Heinz Company $KHC Position Increased by Palouse Capital Management Inc.

Palouse Capital Management Inc. lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,504 shares of the company’s stock after acquiring an additional 2,904 shares during the quarter. Palouse Capital Management Inc.’s holdings in Kraft Heinz were worth $1,640,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. STF Management LP increased its stake in Kraft Heinz by 2.1% in the 2nd quarter. STF Management LP now owns 18,475 shares of the company’s stock worth $477,000 after purchasing an additional 374 shares in the last quarter. Meeder Advisory Services Inc. increased its position in shares of Kraft Heinz by 2.7% in the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after acquiring an additional 393 shares in the last quarter. one8zero8 LLC raised its holdings in shares of Kraft Heinz by 5.5% during the first quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock valued at $242,000 after acquiring an additional 414 shares during the period. Winch Advisory Services LLC lifted its position in shares of Kraft Heinz by 18.3% in the 1st quarter. Winch Advisory Services LLC now owns 2,691 shares of the company’s stock valued at $82,000 after acquiring an additional 417 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Kraft Heinz by 8.9% in the 1st quarter. IFP Advisors Inc now owns 5,115 shares of the company’s stock worth $157,000 after purchasing an additional 420 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 0.4%

KHC opened at $24.38 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The business has a 50 day moving average price of $25.63 and a 200 day moving average price of $26.71. The firm has a market cap of $28.86 billion, a P/E ratio of -6.54, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a twelve month low of $23.70 and a twelve month high of $33.35.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $6.39 billion during the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. Kraft Heinz’s dividend payout ratio (DPR) is presently -42.90%.

Analyst Ratings Changes

Several analysts have issued reports on KHC shares. Mizuho cut their target price on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Piper Sandler dropped their target price on Kraft Heinz from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $26.58.

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.