Johnson Financial Group Inc. Takes $90,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Johnson Financial Group Inc. purchased a new position in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the company’s stock, valued at approximately $90,000.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management lifted its position in Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after buying an additional 238,913 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth about $2,048,000. Nordea Investment Management AB increased its stake in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. FLC Capital Advisors lifted its holdings in Kraft Heinz by 121.0% during the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock valued at $573,000 after buying an additional 10,214 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Kraft Heinz by 511.7% in the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company’s stock valued at $1,312,000 after buying an additional 35,725 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $28.81 on Tuesday. The firm has a market capitalization of $34.38 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The business has a fifty day moving average of $30.05 and a 200 day moving average of $30.83. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.72.

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

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Evercore ISI reissued an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Barclays dropped their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. UBS Group dropped their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley assumed coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an “underweight” rating and a $29.00 price objective on the stock. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.69.

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.