EverSource Wealth Advisors LLC Buys 3,126 Shares of The Kraft Heinz Company (NASDAQ:KHC)

EverSource Wealth Advisors LLC raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 40.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,938 shares of the company’s stock after acquiring an additional 3,126 shares during the period. EverSource Wealth Advisors LLC’s holdings in Kraft Heinz were worth $336,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz in the 4th quarter worth about $25,000. Larson Financial Group LLC grew its stake in Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $34,000. OFI Invest Asset Management bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $36,000. Finally, Hara Capital LLC grew its position in Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock worth $52,000 after acquiring an additional 650 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.1 %

Shares of NASDAQ:KHC opened at $30.23 on Friday. The company has a 50 day moving average price of $29.86 and a two-hundred day moving average price of $32.12. 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 company has a market capitalization of $36.12 billion, a PE ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

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

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.29%. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, Barclays dropped their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.86.

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.