Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Adams Asset Advisors LLC

Adams Asset Advisors LLC boosted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 324,692 shares of the company’s stock after buying an additional 8,115 shares during the period. Kraft Heinz accounts for approximately 1.4% of Adams Asset Advisors LLC’s holdings, making the stock its 23rd largest holding. Adams Asset Advisors LLC’s holdings in Kraft Heinz were worth $9,880,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after purchasing an additional 361 shares during the period. Checchi Capital Advisers LLC raised its holdings in shares of Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after purchasing an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Kraft Heinz by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company’s stock worth $1,097,000 after purchasing an additional 370 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Kraft Heinz by 4.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company’s stock worth $307,000 after purchasing an additional 386 shares during the period. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of Kraft Heinz by 1.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock worth $779,000 after purchasing an additional 397 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Citigroup reiterated a “sell” rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. The Goldman Sachs Group dropped their target price on Kraft Heinz from $27.00 to $25.00 and set a “sell” rating on the stock in a report on Monday, June 9th. DZ Bank downgraded Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Friday, May 9th. Finally, Cfra Research downgraded Kraft Heinz from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.35.

Kraft Heinz Price Performance

KHC stock opened at $25.68 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Kraft Heinz Company has a 52-week low of $25.53 and a 52-week high of $36.53. The stock’s 50 day moving average is $27.79 and its two-hundred day moving average is $29.29. The company has a market capitalization of $30.39 billion, a PE ratio of 11.73, a P/E/G ratio of 3.01 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.69 EPS. Kraft Heinz’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 6.23%. Kraft Heinz’s payout ratio is 73.06%.

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.