Checchi Capital Advisers LLC Boosts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Checchi Capital Advisers LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,265 shares of the company’s stock after acquiring an additional 366 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Kraft Heinz were worth $223,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Winch Advisory Services LLC grew its stake in Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after acquiring an additional 380 shares in the last quarter. Pinnacle Financial Partners Inc boosted its position in Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after purchasing an additional 381 shares in the last quarter. Smith Thornton Advisors LLC grew its position in shares of Kraft Heinz by 2.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after buying an additional 435 shares during the last quarter. Cohen Investment Advisors LLC grew its holdings in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock worth $315,000 after purchasing an additional 487 shares during the last quarter. Finally, LMG Wealth Partners LLC increased its position in shares of Kraft Heinz by 1.4% during the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock worth $1,137,000 after purchasing an additional 498 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $30.65 on Friday. 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 business has a 50 day simple moving average of $29.77 and a two-hundred day simple moving average of $32.45. The stock has a market capitalization of $36.63 billion, a P/E ratio of 13.56, a PEG ratio of 3.39 and a beta of 0.47. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.22%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price target for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. TD Cowen reduced their price target 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. StockNews.com downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.