The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 100,984 shares of the company’s stock after purchasing an additional 3,522 shares during the period. Assetmark Inc.’s holdings in Kraft Heinz were worth $3,101,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz during the 3rd quarter valued at about $27,000. Sawyer & Company Inc purchased a new stake in Kraft Heinz during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in Kraft Heinz during the 3rd quarter valued at about $33,000. Larson Financial Group LLC grew its stake in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after acquiring an additional 636 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Kraft Heinz during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective 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. Piper Sandler dropped their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group dropped their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $32.18 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market capitalization of $38.45 billion, a P/E ratio of 14.24, a PEG ratio of 3.39 and a beta of 0.40. The company has a 50 day moving average price of $29.85 and a 200 day moving average price of $32.27. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz’s payout ratio is currently 70.80%.

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.