HighPoint Advisor Group LLC Has $587,000 Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

HighPoint Advisor Group LLC lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,831 shares of the company’s stock after selling 3,571 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Kraft Heinz were worth $587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in Kraft Heinz during the fourth quarter worth about $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Kraft Heinz in the fourth quarter valued at $36,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $30.13 on Thursday. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. 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 50 day moving average price of $30.05 and a 200-day moving average price of $31.60. The company has a market capitalization of $35.96 billion, a PE ratio of 13.33, a P/E/G ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

Analyst Ratings Changes

Several research firms have issued reports on KHC. Bank of America downgraded 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 report on Thursday, February 13th. Barclays cut their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. TD Cowen decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.73.

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.