The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,511 shares of the company’s stock after purchasing an additional 5,625 shares during the period. Avior Wealth Management LLC’s holdings in Kraft Heinz were worth $980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KHC. Raymond James Trust N.A. grew its holdings in shares of Kraft Heinz by 11.0% during the fourth quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after buying an additional 3,916 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Kraft Heinz during the third quarter worth about $5,399,000. Victory Capital Management Inc. grew its holdings in shares of Kraft Heinz by 16.3% during the third quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock worth $59,478,000 after buying an additional 247,896 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Kraft Heinz by 42.5% during the fourth quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock worth $16,934,000 after buying an additional 136,556 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Kraft Heinz by 37.9% during the third quarter. FMR LLC now owns 3,029,052 shares of the company’s stock worth $101,897,000 after buying an additional 832,653 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC stock opened at $36.90 on Thursday. The firm has a 50 day moving average of $35.86 and a 200-day moving average of $35.34. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The company has a market cap of $44.86 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.89 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the firm earned $0.85 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.34%. Kraft Heinz’s dividend payout ratio is currently 69.26%.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of analyst reports. Citigroup initiated coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Finally, Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.71.

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.