Blueshift Asset Management LLC Makes New $600,000 Investment in The Kraft Heinz Company (NASDAQ:KHC)

Blueshift Asset Management LLC purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,539 shares of the company’s stock, valued at approximately $600,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after purchasing an additional 545,504 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after acquiring an additional 238,913 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Kraft Heinz by 12.6% during the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock worth $17,132,000 after acquiring an additional 54,656 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the last quarter. Finally, FLC Capital Advisors increased its holdings in shares of Kraft Heinz by 121.0% during the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock worth $573,000 after acquiring an additional 10,214 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $29.71 on Friday. The stock has a fifty day moving average price of $29.90 and a 200-day moving average price of $32.00. The company has a market cap of $35.50 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 3.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.39%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KHC. UBS Group decreased their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Barclays decreased their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. 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 report on Thursday, February 13th. Finally, StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz 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.