Duality Advisers LP Makes New $694,000 Investment in The Kraft Heinz Company (NASDAQ:KHC)

Duality Advisers LP purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,755 shares of the company’s stock, valued at approximately $694,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. OFI Invest Asset Management bought a new stake in Kraft Heinz during the third quarter worth $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in Kraft Heinz during the fourth quarter worth $32,000. BKM Wealth Management LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at about $33,000. Headinvest LLC bought a new position in shares of Kraft Heinz in the third quarter valued at about $38,000. Finally, VisionPoint Advisory Group LLC raised its position in shares of Kraft Heinz by 326.1% in the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after purchasing an additional 936 shares during the period. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Kraft Heinz Trading Up 1.3 %

KHC stock opened at $38.57 on Thursday. 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 company’s 50-day simple moving average is $36.07 and its 200 day simple moving average is $35.53. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47. The company has a market capitalization of $46.89 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 3.00 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion for 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 business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.15%. Kraft Heinz’s payout ratio is 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.