Dorsey & Whitney Trust CO LLC Purchases 42,565 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Dorsey & Whitney Trust CO LLC grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 422.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,640 shares of the company’s stock after acquiring an additional 42,565 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Kraft Heinz were worth $1,617,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on KHC shares. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Evercore ISI reiterated an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Citigroup downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Jefferies Financial Group decreased their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Finally, Barclays decreased their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Stock Up 2.9 %

Shares of NASDAQ KHC opened at $32.18 on Friday. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The business’s fifty day moving average price is $29.85 and its 200-day moving average price is $32.29. The stock has a market capitalization of $38.45 billion, a PE ratio of 14.24, a P/E/G ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

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.