Edgestream Partners L.P. Takes $3.22 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Edgestream Partners L.P. acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 104,872 shares of the company’s stock, valued at approximately $3,221,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Kraft Heinz by 11.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after buying an additional 545,504 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in shares of Kraft Heinz by 52.5% in the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock valued at $5,988,000 after acquiring an additional 58,665 shares in the last quarter. Brookstone Capital Management lifted its holdings in Kraft Heinz by 229.8% in the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after purchasing an additional 238,913 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock worth $17,132,000 after acquiring an additional 54,656 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Kraft Heinz by 1,760.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 655,312 shares of the company’s stock valued at $23,008,000 after purchasing an additional 620,096 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Trading Up 2.9 %

Shares of NASDAQ:KHC opened at $32.18 on Friday. The business’s 50-day moving average is $29.85 and its 200 day moving average is $32.29. 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 Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The firm has a market capitalization of $38.45 billion, a P/E ratio of 14.24, a P/E/G ratio of 3.39 and a beta of 0.40.

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

Kraft Heinz Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.97%. Kraft Heinz’s payout ratio is currently 70.80%.

Analysts Set New Price Targets

KHC has been the subject of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. TD Cowen cut their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. The Goldman Sachs Group reduced their price objective on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th. Finally, Jefferies Financial Group reduced their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $30.86.

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.