Farther Finance Advisors LLC Has $429,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Farther Finance Advisors LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,967 shares of the company’s stock after purchasing an additional 2,639 shares during the period. Farther Finance Advisors LLC’s holdings in Kraft Heinz were worth $429,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the fourth quarter worth $25,000. Larson Financial Group LLC increased its position 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 worth $34,000 after acquiring an additional 636 shares in the last quarter. R Squared Ltd bought a new stake in shares of Kraft Heinz during the fourth quarter worth $34,000. OFI Invest Asset Management bought a new stake in shares of Kraft Heinz during the fourth quarter worth $36,000. Finally, Hara Capital LLC increased its position in shares of Kraft Heinz by 61.9% during the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock worth $52,000 after acquiring an additional 650 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of KHC opened at $30.23 on Monday. The firm has a 50-day moving average of $29.86 and a 200-day moving average of $32.09. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a market cap of $36.12 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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 net margin of 10.62% and a return on equity of 7.58%. As a group, equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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 paid 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 presently 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research reports. Piper Sandler lowered their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. TD Cowen decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat, the stock presently 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.