First Trust Direct Indexing L.P. Boosts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

First Trust Direct Indexing L.P. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 28.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 25,406 shares of the company’s stock after purchasing an additional 5,612 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Kraft Heinz were worth $939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KHC. Raymond James Trust N.A. boosted its position in shares of Kraft Heinz by 11.0% during the fourth quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock valued at $1,465,000 after buying an additional 3,916 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Kraft Heinz during the 3rd quarter valued at about $5,399,000. Cutter & CO Brokerage Inc. grew its stake in shares of Kraft Heinz by 6.6% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 13,857 shares of the company’s stock worth $512,000 after acquiring an additional 864 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Kraft Heinz by 16.3% during the third 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 last quarter. Finally, Cerity Partners LLC lifted its position in Kraft Heinz by 42.5% during the fourth 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. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Trading Down 1.0 %

NASDAQ KHC opened at $36.35 on Friday. The company has a market capitalization of $44.14 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.92 and a beta of 0.65. The company’s 50-day simple moving average is $36.34 and its two-hundred day simple moving average is $35.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 1.09. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.44.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.40 per share. 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on KHC. Citigroup assumed coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target on the stock. Bank of America raised their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company decreased 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.