Royal Fund Management LLC Purchases New Position in The Kraft Heinz Company (NASDAQ:KHC)

Royal Fund Management LLC purchased a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 32,278 shares of the company’s stock, valued at approximately $1,194,000.

Other institutional investors also recently bought and sold shares of the company. AJOVista LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $97,000. Sapient Capital LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $362,000. U.S. Capital Wealth Advisors LLC increased its position in shares of Kraft Heinz by 2,147.7% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 149,740 shares of the company’s stock valued at $5,537,000 after buying an additional 143,078 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Kraft Heinz by 13.4% in the fourth quarter. Merit Financial Group LLC now owns 7,822 shares of the company’s stock valued at $289,000 after buying an additional 923 shares in the last quarter. Finally, Stokes Family Office LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $206,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 1.0 %

Shares of Kraft Heinz stock traded down $0.37 during trading hours on Friday, hitting $36.35. The company’s stock had a trading volume of 7,102,855 shares, compared to its average volume of 7,314,267. The firm has a fifty day moving average of $36.35 and a 200-day moving average of $35.75. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.44. The stock has a market cap of $44.14 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.92 and a beta of 0.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 1.09.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the business posted $0.68 earnings per share. Kraft Heinz’s revenue was down 1.2% compared to the same quarter last year. Research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be issued a $0.40 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.40%. Kraft Heinz’s payout ratio is 69.87%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KHC shares. Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Bank of America boosted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $40.00.

Kraft Heinz Company 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.