The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Sapient Capital LLC

Sapient Capital LLC lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,177 shares of the company’s stock after selling 616 shares during the quarter. Sapient Capital LLC’s holdings in Kraft Heinz were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nilsine Partners LLC acquired a new position in Kraft Heinz in the 1st quarter worth approximately $362,000. PFG Investments LLC boosted its stake in Kraft Heinz by 171.6% in the 1st quarter. PFG Investments LLC now owns 36,426 shares of the company’s stock worth $1,344,000 after purchasing an additional 23,015 shares during the period. Raymond James & Associates boosted its stake in Kraft Heinz by 16.7% in the 1st quarter. Raymond James & Associates now owns 1,118,192 shares of the company’s stock worth $41,261,000 after purchasing an additional 160,277 shares during the period. Maryland State Retirement & Pension System boosted its stake in Kraft Heinz by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 63,048 shares of the company’s stock worth $2,309,000 after purchasing an additional 1,705 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its stake in Kraft Heinz by 2.7% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 31,384 shares of the company’s stock worth $1,158,000 after purchasing an additional 823 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kraft Heinz Stock Down 0.1 %

Shares of NASDAQ:KHC traded down $0.04 during midday trading on Tuesday, reaching $38.61. 9,604,064 shares of the company were exchanged, compared to its average volume of 8,028,923. The firm has a market cap of $46.94 billion, a PE ratio of 16.71, a P/E/G ratio of 3.01 and a beta of 0.67. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The stock has a fifty day simple moving average of $36.34 and a two-hundred day simple moving average of $35.71. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is presently 69.26%.

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.