Quinn Opportunity Partners LLC Raises Stake in The Kraft Heinz Company (NASDAQ:KHC)

Quinn Opportunity Partners LLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 73.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,815 shares of the company’s stock after acquiring an additional 46,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Kraft Heinz were worth $3,342,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brookstone Capital Management lifted its position in Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after purchasing an additional 238,913 shares during the period. Headlands Technologies LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at about $2,048,000. Toronto Dominion Bank lifted its holdings in shares of Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after buying an additional 54,656 shares during the period. Nordea Investment Management AB boosted its stake in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the last quarter. Finally, FLC Capital Advisors grew its holdings in Kraft Heinz by 121.0% during the fourth 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 period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KHC has been the topic of several recent research reports. Evercore ISI restated an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. TD Cowen decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Citigroup restated a “sell” rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Four research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.67.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $28.84 on Friday. The firm has a 50-day simple moving average of $29.94 and a 200-day simple moving average of $31.29. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $34.42 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, equities analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

About Kraft Heinz

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.