GM Advisory Group LLC Grows Position in The Kraft Heinz Company (NASDAQ:KHC)

GM Advisory Group LLC increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,814 shares of the company’s stock after buying an additional 2,609 shares during the quarter. GM Advisory Group LLC’s holdings in Kraft Heinz were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KHC. OneDigital Investment Advisors LLC raised its position in Kraft Heinz by 28.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 21,479 shares of the company’s stock valued at $754,000 after purchasing an additional 4,769 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Kraft Heinz by 9.2% during the third quarter. Mutual of America Capital Management LLC now owns 108,792 shares of the company’s stock valued at $3,820,000 after buying an additional 9,157 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Kraft Heinz by 23.0% during the third quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company’s stock valued at $1,848,000 after acquiring an additional 9,833 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Kraft Heinz by 34.4% in the third quarter. Pathstone Holdings LLC now owns 96,151 shares of the company’s stock worth $3,376,000 after acquiring an additional 24,606 shares during the period. Finally, Caprock Group LLC boosted its holdings in Kraft Heinz by 5.1% in the third quarter. Caprock Group LLC now owns 52,508 shares of the company’s stock valued at $1,844,000 after acquiring an additional 2,538 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

KHC opened at $29.89 on Thursday. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The stock has a 50-day moving average price of $29.89 and a 200-day moving average price of $32.01. The firm has a market cap of $35.72 billion, a PE ratio of 13.23, a P/E/G 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 issued its earnings results 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 net margin of 10.62% and a return on equity of 7.58%. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is currently 70.80%.

Analyst Ratings Changes

KHC has been the subject of several research reports. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Barclays decreased their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. TD Cowen cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI reissued an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group dropped their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.