Bcwm LLC Takes $2.10 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Bcwm LLC bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 68,494 shares of the company’s stock, valued at approximately $2,103,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock valued at $2,779,524,000 after acquiring an additional 14,996,486 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Kraft Heinz in the 3rd quarter worth $411,304,000. Norges Bank purchased a new position in Kraft Heinz in the 4th quarter valued at about $324,857,000. State Street Corp lifted its stake in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after acquiring an additional 6,366,732 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after purchasing an additional 1,944,019 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $30.24 on Friday. The business has a 50 day simple moving average of $29.99 and a 200 day simple moving average of $31.71. 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 firm has a market capitalization of $36.14 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, equities research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KHC. StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and cut their target price for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley started coverage on Kraft Heinz in a research note on Monday, March 24th. They set an “underweight” rating and a $29.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.73.

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.