Kraft Heinz Company $KHC Stock Bought by Csenge Advisory Group

Csenge Advisory Group boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 76.7% in the third quarter, Holdings Channel.com reports. The firm owned 65,980 shares of the company’s stock after buying an additional 28,637 shares during the quarter. Csenge Advisory Group’s holdings in Kraft Heinz were worth $1,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Waverly Advisors LLC increased its stake in shares of Kraft Heinz by 3.9% in the 2nd quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock worth $270,000 after acquiring an additional 433 shares in the last quarter. 55 North Private Wealth LLC increased its stake in shares of Kraft Heinz by 4.2% during the third quarter. 55 North Private Wealth LLC now owns 11,225 shares of the company’s stock valued at $255,000 after purchasing an additional 453 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Kraft Heinz by 19.6% during the second quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock valued at $73,000 after purchasing an additional 508 shares in the last quarter. Triumph Capital Management increased its stake in shares of Kraft Heinz by 14.4% during the second quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock valued at $95,000 after purchasing an additional 509 shares in the last quarter. Finally, Van Hulzen Asset Management LLC lifted its holdings in shares of Kraft Heinz by 5.6% during the second quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company’s stock valued at $237,000 after purchasing an additional 529 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th. Wells Fargo & Company raised their price objective on Kraft Heinz from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, November 5th. Jefferies Financial Group reiterated a “hold” rating and set a $24.00 price objective on shares of Kraft Heinz in a research note on Wednesday, November 4th. Barclays dropped their target price on Kraft Heinz from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Finally, JPMorgan Chase & Co. cut their target price on Kraft Heinz from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 20th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $23.80.

Kraft Heinz Trading Up 0.0%

NASDAQ:KHC opened at $24.25 on Thursday. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of -8.48, a PEG ratio of 2.99 and a beta of 0.12. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average price is $23.92 and its 200-day moving average price is $23.94. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.09.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.09 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. On average, equities research analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.6%. Kraft Heinz’s dividend payout ratio (DPR) is presently -54.79%.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) manufactures and markets food and beverage products for consumers, retailers and food-service businesses. Its portfolio includes condiments and sauces, cheese and dairy products, packaged meals, meats, snacks and beverages, sold under brands such as Heinz, Kraft, Oscar Mayer and Philadelphia. The company was formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. It serves customers in the United States and other markets around the world, with its business spanning North America and international regions.