Callan Capital LLC Grows Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Callan Capital LLC raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 219.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,542 shares of the company’s stock after acquiring an additional 12,731 shares during the quarter. Callan Capital LLC’s holdings in Kraft Heinz were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KHC. Hotchkis & Wiley Capital Management LLC purchased a new position in Kraft Heinz in the third quarter valued at about $411,304,000. State Street Corp boosted its stake in Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after acquiring an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after acquiring an additional 1,944,019 shares during the last quarter. Nordea Investment Management AB boosted its stake in Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after acquiring an additional 1,238,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Kraft Heinz by 1,139.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock valued at $39,112,000 after acquiring an additional 1,170,814 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $31.13 on Friday. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market capitalization of $37.20 billion, a PE ratio of 13.77, a P/E/G ratio of 3.39 and a beta of 0.47. The company’s 50 day simple moving average is $29.73 and its two-hundred day simple moving average is $32.54.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Analysts Set New Price Targets

A number of research analysts have weighed in on KHC shares. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. StockNews.com downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Company 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.