C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $140,000 Investment in The Kraft Heinz Company (NASDAQ:KHC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,568 shares of the company’s stock, valued at approximately $140,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KHC. Winch Advisory Services LLC boosted its stake in Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after buying an additional 380 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after buying an additional 381 shares in the last quarter. Smith Thornton Advisors LLC boosted its stake in Kraft Heinz by 2.1% during the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock valued at $727,000 after buying an additional 435 shares in the last quarter. Cohen Investment Advisors LLC boosted its stake in Kraft Heinz by 5.0% during the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after buying an additional 487 shares in the last quarter. Finally, Keynote Financial Services LLC boosted its stake in Kraft Heinz by 2.0% during the third quarter. Keynote Financial Services LLC now owns 25,965 shares of the company’s stock valued at $912,000 after buying an additional 512 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 1.2 %

Shares of Kraft Heinz stock opened at $30.16 on Friday. The stock has a 50-day moving average price of $29.74 and a 200 day moving average price of $32.59. The company has a market cap of $36.03 billion, a P/E ratio of 13.34, a P/E/G ratio of 3.29 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year 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, topping the consensus estimate 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, analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Upgrades and Downgrades

KHC has been the subject of several research reports. Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their target price for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. The Goldman Sachs Group decreased their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. TD Cowen decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price target for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and an average 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.