Jones Financial Companies Lllp Has $3.43 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Jones Financial Companies Lllp raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 54.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 111,797 shares of the company’s stock after purchasing an additional 39,533 shares during the quarter. Jones Financial Companies Lllp’s holdings in Kraft Heinz were worth $3,433,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC boosted its position in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after acquiring an additional 1,944,019 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Kraft Heinz during the 3rd quarter worth about $411,304,000. Nordea Investment Management AB grew its holdings in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after acquiring an additional 545,504 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $30.99 on Thursday. The firm has a market capitalization of $37.03 billion, a P/E ratio of 13.71, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a 50 day moving average price of $29.80 and a two-hundred day moving average price of $32.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is currently 70.80%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Piper Sandler lowered their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.86.

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.