The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Boosted by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 29.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 120,703 shares of the company’s stock after buying an additional 27,615 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Kraft Heinz were worth $3,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the 4th quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Kraft Heinz during the third quarter valued at approximately $33,000. Larson Financial Group LLC boosted its holdings in Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Kraft Heinz in the fourth quarter worth approximately $34,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $31.32 on Tuesday. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. 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 firm has a market cap of $37.43 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47. The firm’s 50-day simple moving average is $29.79 and its 200-day simple moving average is $32.37.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Analysts Set New Price Targets

Several research firms have recently weighed in on KHC. The Goldman Sachs Group reduced their price objective on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus decreased their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. TD Cowen cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. UBS Group decreased their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Jefferies Financial Group cut their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz 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.