Bryn Mawr Capital Management LLC Grows Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bryn Mawr Capital Management LLC grew its stake in The Kraft Heinz Company (NASDAQ:KHC) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,563 shares of the company’s stock after buying an additional 24,853 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Kraft Heinz were worth $7,158,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $32,000. BKM Wealth Management LLC bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $33,000. Headinvest LLC bought a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $38,000. Finally, VisionPoint Advisory Group LLC raised its holdings in Kraft Heinz by 326.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after buying an additional 936 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KHC has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup initiated coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target for the company. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $40.57.

Kraft Heinz Stock Down 0.5 %

NASDAQ:KHC opened at $38.16 on Friday. The firm’s 50-day moving average price is $36.20 and its 200-day moving average price is $35.56. The company has a market capitalization of $46.39 billion, a PE ratio of 16.52, a P/E/G ratio of 3.03 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $41.47.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share 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 company’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is presently 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.