Sheaff Brock Investment Advisors LLC Boosts Holdings in Kraft Heinz Co (KHC)

Sheaff Brock Investment Advisors LLC raised its position in Kraft Heinz Co (NASDAQ:KHC) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,158 shares of the company’s stock after purchasing an additional 1,797 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Kraft Heinz were worth $2,034,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Standard Life Aberdeen plc increased its stake in shares of Kraft Heinz by 3.4% in the fourth quarter. Standard Life Aberdeen plc now owns 5,243,003 shares of the company’s stock valued at $407,826,000 after buying an additional 174,649 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Kraft Heinz by 5.7% in the fourth quarter. OppenheimerFunds Inc. now owns 4,916,021 shares of the company’s stock valued at $382,270,000 after buying an additional 265,706 shares during the period. Brown Advisory Securities LLC increased its stake in shares of Kraft Heinz by 12.7% in the fourth quarter. Brown Advisory Securities LLC now owns 11,074 shares of the company’s stock valued at $857,000 after buying an additional 1,251 shares during the period. AlphaStar Capital Management LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $334,000. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $457,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Shares of Kraft Heinz Co (NASDAQ KHC) opened at $67.47 on Thursday. Kraft Heinz Co has a one year low of $67.32 and a one year high of $93.88. The company has a market capitalization of $83,719.52, a P/E ratio of 19.35, a P/E/G ratio of 1.88 and a beta of 0.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same period in the prior year, the business earned $0.08 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. analysts forecast that Kraft Heinz Co will post 3.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a yield of 3.71%. Kraft Heinz’s dividend payout ratio (DPR) is presently 27.90%.

KHC has been the subject of several recent research reports. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Citigroup decreased their price target on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $90.00 price target (down previously from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. Finally, Susquehanna Bancshares decreased their price target on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $86.52.

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About Kraft Heinz

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

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

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