15,735 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by Perritt Capital Management Inc

Perritt Capital Management Inc bought a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,735 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors also recently made changes to their positions in the company. Sawyer & Company Inc purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz in the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz during the 4th quarter worth $29,000. R Squared Ltd purchased a new stake in shares of Kraft Heinz in the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new stake in Kraft Heinz in the 4th quarter valued at about $36,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their target price for the company from $34.00 to $28.00 in a report on Thursday, February 13th. TD Cowen cut their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.73.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $30.34 on Wednesday. The firm has a market capitalization of $36.26 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a 50 day moving average price of $30.03 and a 200 day moving average price of $31.62. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.27%. Kraft Heinz’s payout ratio is 70.80%.

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.