Rodgers Brothers Inc. acquired a new stake in Kraft Heinz Co (NASDAQ:KHC) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,386 shares of the company’s stock, valued at approximately $574,000.

A number of other institutional investors have also made changes to their positions in KHC. U S Global Investors Inc. purchased a new stake in shares of Kraft Heinz in the 2nd quarter worth $388,000. Iberiabank Corp lifted its holdings in shares of Kraft Heinz by 7.4% in the 3rd quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock worth $1,588,000 after buying an additional 1,415 shares during the period. Gemmer Asset Management LLC lifted its holdings in shares of Kraft Heinz by 26.0% in the 4th quarter. Gemmer Asset Management LLC now owns 13,361 shares of the company’s stock worth $1,039,000 after buying an additional 2,758 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Kraft Heinz by 198.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 401,219 shares of the company’s stock worth $31,115,000 after buying an additional 266,720 shares during the period. Finally, Albion Financial Group UT lifted its holdings in shares of Kraft Heinz by 3.7% in the 3rd quarter. Albion Financial Group UT now owns 47,757 shares of the company’s stock worth $3,704,000 after buying an additional 1,719 shares during the period. 63.24% of the stock is currently owned by institutional investors.

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Shares of Kraft Heinz Co (KHC) opened at $67.70 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72. Kraft Heinz Co has a 12 month low of $66.36 and a 12 month high of $93.88. The firm has a market capitalization of $82,110.00 and a price-to-earnings ratio of 20.67.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter last year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. analysts anticipate that Kraft Heinz Co will post 3.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is presently 76.69%.

KHC has been the subject of several research reports. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Morgan Stanley set a $88.00 target price on Kraft Heinz and gave the stock a “buy” rating in a report on Wednesday, February 14th. Barclays reiterated a “buy” rating and issued a $80.00 target price (down from $94.00) on shares of Kraft Heinz in a report on Sunday, February 18th. Bank of America set a $100.00 target price on Kraft Heinz and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Vetr upgraded Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price objective for the company in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $85.78.

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Kraft Heinz 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.

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

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