Empirical Finance LLC Boosts Position in The Kraft Heinz Company (NASDAQ:KHC)

Empirical Finance LLC boosted its holdings in The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 38.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,172 shares of the company’s stock after buying an additional 3,116 shares during the period. Empirical Finance LLC’s holdings in Kraft Heinz were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bell Investment Advisors Inc purchased a new stake in shares of Kraft Heinz during the third quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in shares of Kraft Heinz by 383.7% during the fourth quarter. Larson Financial Group LLC now owns 803 shares of the company’s stock valued at $29,000 after purchasing an additional 637 shares during the period. TAP Consulting LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $29,000. Strategic Asset Management LLC purchased a new stake in shares of Kraft Heinz during the third quarter valued at approximately $36,000. Finally, Ellevest Inc. raised its stake in shares of Kraft Heinz by 86.8% during the fourth quarter. Ellevest Inc. now owns 1,022 shares of the company’s stock valued at $37,000 after purchasing an additional 475 shares during the period. Hedge funds and other institutional investors own 61.51% of the company’s stock.

KHC stock opened at $42.29 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.99. The stock has a market capitalization of $51.80 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 3.21 and a beta of 0.98. The Kraft Heinz Company has a 1 year low of $32.78 and a 1 year high of $44.95. The stock’s fifty day moving average is $38.65 and its two-hundred day moving average is $37.01.

Kraft Heinz (NASDAQ:KHCGet Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.17. The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Kraft Heinz had a return on equity of 7.21% and a net margin of 3.89%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. As a group, analysts predict that The Kraft Heinz Company will post 2.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, March 10th. Kraft Heinz’s payout ratio is 195.12%.

A number of research firms have recently issued reports on KHC. UBS Group assumed coverage on shares of Kraft Heinz in a research note on Wednesday, March 30th. They set a “neutral” rating and a $40.00 price objective on the stock. TheStreet raised shares of Kraft Heinz from a “c+” rating to a “b” rating in a research report on Monday, March 28th. StockNews.com assumed coverage on shares of Kraft Heinz in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. Finally, Credit Suisse Group raised their price target on shares of Kraft Heinz from $36.00 to $38.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.88.

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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