AE Wealth Management LLC Has $485,000 Stake in Kraft Heinz Co (NASDAQ:KHC)
AE Wealth Management LLC increased its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 100.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,606 shares of the company’s stock after acquiring an additional 9,831 shares during the period. AE Wealth Management LLC’s holdings in Kraft Heinz were worth $485,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of KHC. Amundi Pioneer Asset Management Inc. grew its position in shares of Kraft Heinz by 22.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 654,151 shares of the company’s stock valued at $21,358,000 after acquiring an additional 121,281 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Kraft Heinz by 19.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 223,175 shares of the company’s stock valued at $7,171,000 after acquiring an additional 36,240 shares during the period. Optimum Investment Advisors grew its position in shares of Kraft Heinz by 131.0% in the 4th quarter. Optimum Investment Advisors now owns 4,850 shares of the company’s stock valued at $156,000 after acquiring an additional 2,750 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $270,000. Finally, Meyer Handelman Co. grew its position in shares of Kraft Heinz by 2.4% in the 4th quarter. Meyer Handelman Co. now owns 169,878 shares of the company’s stock valued at $5,458,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 57.37% of the company’s stock.
KHC stock opened at $29.71 on Friday. The company has a 50 day simple moving average of $28.52 and a 200 day simple moving average of $29.06. The stock has a market cap of $36.95 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 2.11 and a beta of 1.00. Kraft Heinz Co has a 1 year low of $19.99 and a 1 year high of $33.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Thursday, May 28th. Kraft Heinz’s payout ratio is 56.14%.
KHC has been the subject of a number of analyst reports. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Cfra reduced their target price on shares of Kraft Heinz from $33.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, February 13th. UBS Group reduced their target price on shares of Kraft Heinz from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, February 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $27.00 target price on shares of Kraft Heinz in a report on Tuesday, April 7th. Finally, Morgan Stanley lifted their target price on shares of Kraft Heinz from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.39.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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