AlphaQuest LLC Has $240,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

AlphaQuest LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 390,350.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,809 shares of the company’s stock after purchasing an additional 7,807 shares during the quarter. AlphaQuest LLC’s holdings in Kraft Heinz were worth $240,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KHC. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the 4th quarter worth about $25,000. Larson Financial Group LLC increased its holdings in Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares in the last quarter. R Squared Ltd acquired a new position in Kraft Heinz in the fourth quarter valued at approximately $34,000. OFI Invest Asset Management bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $36,000. Finally, Hara Capital LLC grew its position in shares of Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock worth $52,000 after buying an additional 650 shares during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $30.23 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $36.12 billion, a PE ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40. The stock’s 50 day moving average price is $29.86 and its 200-day moving average price is $32.12. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (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 analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group cut their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays reduced their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group dropped their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Finally, Jefferies Financial Group cut their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.86.

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.