The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lifted by Sigma Planning Corp

Sigma Planning Corp lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,040 shares of the company’s stock after acquiring an additional 14,514 shares during the period. Sigma Planning Corp’s holdings in Kraft Heinz were worth $2,489,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KHC. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz in the fourth quarter worth approximately $25,000. Fortitude Family Office LLC boosted its holdings in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz during the third quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Kraft Heinz during the third quarter worth approximately $33,000. Finally, Larson Financial Group LLC boosted its holdings 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 purchasing an additional 636 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KHC has been the subject of several research reports. Jefferies Financial Group decreased 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. The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. StockNews.com cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $31.13 on Friday. The firm has a fifty day simple moving average of $29.73 and a 200-day simple moving average of $32.54. 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. The stock has a market capitalization of $37.20 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 3.39 and a beta of 0.47.

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%. On average, sell-side analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

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.