Csenge Advisory Group Has $699,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Csenge Advisory Group lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,253 shares of the company’s stock after selling 1,620 shares during the quarter. Csenge Advisory Group’s holdings in Kraft Heinz were worth $699,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KHC. Capital Research Global Investors lifted its position in shares of Kraft Heinz by 0.7% during the 3rd quarter. Capital Research Global Investors now owns 15,535,386 shares of the company’s stock worth $572,013,000 after buying an additional 101,741 shares during the last quarter. Geode Capital Management LLC lifted its position in Kraft Heinz by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 12,107,888 shares of the company’s stock valued at $445,115,000 after acquiring an additional 429,935 shares in the last quarter. Franklin Resources Inc. lifted its position in Kraft Heinz by 13.8% in the 3rd quarter. Franklin Resources Inc. now owns 11,885,909 shares of the company’s stock valued at $437,639,000 after acquiring an additional 1,438,284 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Kraft Heinz by 1.7% in the fourth quarter. Northern Trust Corp now owns 7,788,262 shares of the company’s stock valued at $279,598,000 after acquiring an additional 132,050 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Kraft Heinz by 2.8% during the third quarter. Janus Henderson Group PLC now owns 4,675,381 shares of the company’s stock worth $172,148,000 after acquiring an additional 126,788 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.

A number of analysts recently issued reports on KHC shares. StockNews.com started coverage on shares of Kraft Heinz in a report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group lifted their target price on shares of Kraft Heinz from $36.00 to $38.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 23rd. TheStreet upgraded shares of Kraft Heinz from a “c+” rating to a “b” rating in a research note on Monday, March 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kraft Heinz from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 23rd. Finally, BMO Capital Markets lifted their target price on shares of Kraft Heinz from $41.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.13.

NASDAQ KHC traded down $1.81 during mid-day trading on Wednesday, reaching $41.35. The stock had a trading volume of 185,579 shares, compared to its average volume of 7,072,816. The Kraft Heinz Company has a 1 year low of $32.78 and a 1 year high of $44.95. The stock has a market cap of $50.61 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 3.29 and a beta of 0.84. The company has a fifty day moving average price of $41.00 and a 200 day moving average price of $38.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.68.

Kraft Heinz (NASDAQ:KHCGet Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Kraft Heinz had a net margin of 4.77% and a return on equity of 6.95%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s revenue was down 5.5% on a year-over-year basis. As a group, equities research analysts expect that The Kraft Heinz Company will post 2.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $1.60 annualized dividend and a dividend yield of 3.87%. Kraft Heinz’s dividend payout ratio (DPR) is 161.62%.

Kraft Heinz Company Profile (Get Rating)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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