NewSquare Capital LLC Has $7.35 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

NewSquare Capital LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,384 shares of the company’s stock after purchasing an additional 2,345 shares during the period. NewSquare Capital LLC’s holdings in Kraft Heinz were worth $7,347,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Raymond James Trust N.A. boosted its holdings in shares of Kraft Heinz by 11.0% during the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after buying an additional 3,916 shares during the period. Hudson Bay Capital Management LP bought a new stake in Kraft Heinz in the 3rd quarter valued at about $5,399,000. Victory Capital Management Inc. boosted its holdings in Kraft Heinz by 16.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock valued at $59,478,000 after purchasing an additional 247,896 shares during the period. Cerity Partners LLC boosted its holdings in Kraft Heinz by 42.5% in the 4th quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock valued at $16,934,000 after purchasing an additional 136,556 shares during the period. Finally, FMR LLC boosted its holdings in Kraft Heinz by 37.9% in the 3rd quarter. FMR LLC now owns 3,029,052 shares of the company’s stock valued at $101,897,000 after purchasing an additional 832,653 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KHC. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Bank of America increased their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Citigroup began coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $40.57.

Kraft Heinz Price Performance

Kraft Heinz stock traded down $0.08 during mid-day trading on Tuesday, hitting $38.07. 5,856,762 shares of the company traded hands, compared to its average volume of 8,094,511. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47. The stock has a market cap of $46.28 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The stock has a fifty day moving average price of $35.94 and a 200-day moving average price of $35.44.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue was down 7.1% compared to the same quarter last year. On average, equities analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.20%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 69.26%.

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.