46,580 Shares in Kraft Heinz Co (NASDAQ:KHC) Purchased by PVG Asset Management Corp

PVG Asset Management Corp purchased a new position in shares of Kraft Heinz Co (NASDAQ:KHC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,580 shares of the company’s stock, valued at approximately $2,004,000. Kraft Heinz makes up about 2.0% of PVG Asset Management Corp’s investment portfolio, making the stock its 20th largest holding.

A number of other large investors have also recently added to or reduced their stakes in KHC. Oregon Public Employees Retirement Fund increased its holdings in Kraft Heinz by 6,999.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock valued at $244,000 after buying an additional 10,352,489 shares during the last quarter. American International Group Inc. increased its holdings in Kraft Heinz by 31.0% in the fourth quarter. American International Group Inc. now owns 7,692,416 shares of the company’s stock valued at $331,082,000 after buying an additional 1,821,732 shares during the last quarter. Vanguard Group Inc increased its holdings in Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after buying an additional 1,123,288 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 2.5% during the third quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after purchasing an additional 1,123,288 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Kraft Heinz by 35.5% during the third quarter. Mackenzie Financial Corp now owns 3,876,518 shares of the company’s stock worth $213,635,000 after purchasing an additional 1,016,147 shares during the last quarter. Institutional investors own 62.45% of the company’s stock.

Kraft Heinz stock traded up $0.07 during mid-day trading on Monday, reaching $33.14. The company had a trading volume of 4,951,039 shares, compared to its average volume of 11,565,652. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Kraft Heinz Co has a 1 year low of $31.53 and a 1 year high of $64.99. The stock has a market cap of $40.25 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 2.60 and a beta of 0.58.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The business had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period last year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Kraft Heinz Co will post 2.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.83%. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.

Several brokerages have issued reports on KHC. Berenberg Bank set a $60.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a report on Tuesday, January 22nd. TheStreet lowered Kraft Heinz from a “c-” rating to a “d+” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. lowered Kraft Heinz from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $52.00 to $37.00 in a report on Friday, February 22nd. UBS Group downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $39.00 in a research note on Friday, February 22nd. Finally, BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.64.

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About Kraft Heinz

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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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