19,243 Shares in Kraft Heinz Co (KHC) Acquired by Advisory Resource Group

Advisory Resource Group purchased a new stake in Kraft Heinz Co (NASDAQ:KHC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,243 shares of the company’s stock, valued at approximately $828,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV grew its stake in Kraft Heinz by 114.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 634 shares of the company’s stock valued at $27,000 after purchasing an additional 339 shares during the last quarter. Highwater Wealth Management LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $28,000. Veritas Investment Management LLP purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $28,000. Gradient Investments LLC lifted its holdings in shares of Kraft Heinz by 54.2% during the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock worth $31,000 after purchasing an additional 252 shares during the period. Finally, We Are One Seven LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 62.30% of the company’s stock.

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A number of brokerages have issued reports on KHC. Berenberg Bank set a $60.00 price target on Kraft Heinz and gave the company a “buy” rating in a report on Tuesday, January 22nd. JPMorgan Chase & Co. cut Kraft Heinz from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $37.00 in a research report on Friday, February 22nd. UBS Group cut Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $39.00 in a report on Friday, February 22nd. Piper Jaffray Companies lowered Kraft Heinz from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $62.00 to $42.00 in a research note on Friday, February 22nd. Finally, Zacks Investment Research lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.35.

NASDAQ:KHC opened at $31.89 on Friday. The company has a market cap of $42.62 billion, a PE ratio of 9.03, a P/E/G ratio of 1.71 and a beta of 0.72. Kraft Heinz Co has a 52 week low of $31.81 and a 52 week high of $67.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.93 billion. Kraft Heinz had a positive return on equity of 6.52% and a negative net margin of 38.95%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Equities research analysts anticipate that Kraft Heinz Co will post 2.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.02%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.82%.

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Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

Further Reading: Calculating net profit and net profit margin ratio

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

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