Arthur M. Cohen & Associates LLC acquired a new position in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 44,834 shares of the company’s stock, valued at approximately $3,915,000. The Kraft Heinz Company comprises 2.1% of Arthur M. Cohen & Associates LLC’s investment portfolio, making the stock its 9th largest position.

A number of other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of The Kraft Heinz Company by 97.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,343,639 shares of the company’s stock worth $567,819,000 after buying an additional 3,130,960 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of The Kraft Heinz Company during the third quarter worth $103,126,000. Columbus Circle Investors acquired a new stake in shares of The Kraft Heinz Company during the second quarter worth $78,567,000. PNC Financial Services Group Inc. increased its stake in shares of The Kraft Heinz Company by 72.8% in the third quarter. PNC Financial Services Group Inc. now owns 1,874,583 shares of the company’s stock worth $167,794,000 after buying an additional 789,701 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of The Kraft Heinz Company by 232.6% in the third quarter. BNP Paribas Arbitrage SA now owns 862,816 shares of the company’s stock worth $77,231,000 after buying an additional 603,422 shares in the last quarter. Hedge funds and other institutional investors own 61.47% of the company’s stock.

Institutional Ownership by Quarter for The Kraft Heinz Company (NASDAQ:KHC)

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 87.28 on Friday. The firm has a market cap of $106.24 billion, a P/E ratio of 38.42 and a beta of 0.42. The Kraft Heinz Company has a 12-month low of $71.82 and a 12-month high of $91.30. The company’s 50 day moving average price is $88.39 and its 200 day moving average price is $87.17.

The Kraft Heinz Company (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 15th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The Kraft Heinz Company had a net margin of 10.44% and a return on equity of 6.40%. The business earned $6.86 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the business posted $0.80 earnings per share. Equities research analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, March 3rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $2.40 annualized dividend and a yield of 2.75%. The Kraft Heinz Company’s payout ratio is 105.26%.

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A number of brokerages have weighed in on KHC. RBC Capital Markets reaffirmed an “outperform” rating and issued a $100.00 target price on shares of The Kraft Heinz Company in a report on Thursday. Susquehanna Bancshares Inc downgraded The Kraft Heinz Company from a “positive” rating to a “neutral” rating in a report on Thursday. Deutsche Bank AG initiated coverage on The Kraft Heinz Company in a report on Wednesday. They issued a “buy” rating and a $103.00 target price on the stock. Vetr raised The Kraft Heinz Company from a “sell” rating to a “hold” rating and set a $91.36 price objective on the stock in a report on Thursday. Finally, Credit Suisse Group reissued a “buy” rating on shares of The Kraft Heinz Company in a report on Friday, November 4th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The Kraft Heinz Company has an average rating of “Buy” and an average target price of $98.95.

The Kraft Heinz Company Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

5 Day Chart for NASDAQ:KHC

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