9,041 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by Alteri Wealth LLC

Alteri Wealth LLC purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 9,041 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds have also bought and sold shares of the stock. Aptus Capital Advisors LLC increased its position in Kraft Heinz by 43.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 13,034 shares of the company’s stock worth $400,000 after purchasing an additional 3,922 shares during the last quarter. Atalanta Sosnoff Capital LLC increased its holdings in shares of Kraft Heinz by 11.2% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 7,598 shares of the company’s stock worth $233,000 after buying an additional 764 shares during the last quarter. AXA S.A. raised its position in shares of Kraft Heinz by 19.9% during the 4th quarter. AXA S.A. now owns 785,413 shares of the company’s stock valued at $24,120,000 after buying an additional 130,615 shares in the last quarter. Accredited Wealth Management LLC bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $80,000. Finally, DoubleLine ETF Adviser LP grew its position in Kraft Heinz by 2.6% in the fourth quarter. DoubleLine ETF Adviser LP now owns 50,242 shares of the company’s stock worth $1,543,000 after acquiring an additional 1,263 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KHC. Wells Fargo & Company lowered their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Bank of America downgraded 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 research report on Thursday, February 13th. Citigroup reissued a “sell” rating and issued a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.63.

Kraft Heinz Price Performance

Shares of KHC stock opened at $28.64 on Friday. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $36.70. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $29.86 and a two-hundred day simple moving average of $30.67. The stock has a market capitalization of $33.90 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, analysts predict 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, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is 73.06%.

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.