United Community Bank Acquires 5,130 Shares of The Kraft Heinz Company (NASDAQ:KHC)

United Community Bank increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,763 shares of the company’s stock after purchasing an additional 5,130 shares during the period. United Community Bank’s holdings in Kraft Heinz were worth $1,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz during 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. Larson Financial Group LLC boosted its holdings in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after acquiring an additional 636 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at $34,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $32.18 on Friday. The business’s fifty day moving average price is $29.85 and its two-hundred day moving average price is $32.29. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The stock has a market capitalization of $38.45 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. 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 released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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 predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz’s payout ratio is currently 70.80%.

Analyst Ratings Changes

KHC has been the topic of several recent research reports. Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Barclays lowered their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. StockNews.com downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, TD Cowen lowered their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.86.

About Kraft Heinz

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.