Good Life Advisors LLC Purchases 499 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Good Life Advisors LLC increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,715 shares of the company’s stock after acquiring an additional 499 shares during the quarter. Good Life Advisors LLC’s holdings in Kraft Heinz were worth $298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the fourth quarter worth about $25,000. Fortitude Family Office LLC raised its position in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz in the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Kraft Heinz during the 3rd quarter worth approximately $33,000. Finally, Larson Financial Group LLC increased its stake in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC opened at $30.16 on Friday. The firm has a fifty day moving average price of $29.74 and a 200 day moving average price of $32.59. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The stock 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 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 issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KHC. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target 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 report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price target for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of “Hold” and a consensus price target 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.