Laird Norton Wetherby Wealth Management LLC Acquires 386 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,009 shares of the company’s stock after acquiring an additional 386 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Kraft Heinz were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Generali Investments Management Co LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz during the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in Kraft Heinz during the fourth quarter worth about $34,000. OFI Invest Asset Management purchased a new position in Kraft Heinz during the fourth quarter worth about $36,000. Finally, Kennondale Capital Management LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $45,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $27.74 on Friday. The company’s 50 day moving average is $29.22 and its 200-day moving average is $30.19. The Kraft Heinz Company has a 12-month low of $27.14 and a 12-month high of $36.53. 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 firm has a market cap of $32.83 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion for 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 company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 73.06%.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Cfra Research cut shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Barclays dropped their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group dropped their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.65.

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.