Raab & Moskowitz Asset Management LLC Raises Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Raab & Moskowitz Asset Management LLC raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 41.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,313 shares of the company’s stock after buying an additional 4,212 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Kraft Heinz were worth $440,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. AMF Tjanstepension AB boosted its position in shares of Kraft Heinz by 143.4% in the 3rd quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock worth $8,620,000 after purchasing an additional 144,646 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Kraft Heinz by 221.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,016 shares of the company’s stock worth $36,000 after acquiring an additional 700 shares during the last quarter. Sapient Capital LLC bought a new position in shares of Kraft Heinz during the third quarter valued at $213,000. CX Institutional purchased a new position in shares of Kraft Heinz in the 3rd quarter worth about $340,000. Finally, Wesbanco Bank Inc. boosted its stake in Kraft Heinz by 17.3% in the 3rd quarter. Wesbanco Bank Inc. now owns 11,281 shares of the company’s stock worth $396,000 after purchasing an additional 1,665 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Citigroup reduced their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Piper Sandler reiterated a “neutral” rating and issued a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Finally, Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $31.00 in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.36.

Kraft Heinz Stock Down 3.2 %

Shares of KHC stock opened at $28.62 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The stock has a market cap of $34.61 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.74 and a beta of 0.47. The company has a 50 day simple moving average of $30.02 and a two-hundred day simple moving average of $32.83.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. On average, research analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.59%. Kraft Heinz’s dividend payout ratio (DPR) is currently 144.14%.

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.