Simplicity Solutions LLC Purchases 1,074 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Simplicity Solutions LLC boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 9.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,425 shares of the company’s stock after acquiring an additional 1,074 shares during the period. Simplicity Solutions LLC’s holdings in Kraft Heinz were worth $459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kraft Heinz by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock valued at $2,362,053,000 after buying an additional 417,115 shares in the last quarter. State Street Corp grew its holdings in Kraft Heinz by 4.4% during the 1st quarter. State Street Corp now owns 33,344,178 shares of the company’s stock valued at $1,313,427,000 after buying an additional 1,397,795 shares in the last quarter. Invesco Ltd. grew its holdings in Kraft Heinz by 10.7% during the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock valued at $827,581,000 after buying an additional 2,369,080 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Kraft Heinz by 1,835.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock valued at $794,964,000 after buying an additional 18,518,584 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Kraft Heinz by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 15,062,665 shares of the company’s stock valued at $581,169,000 after buying an additional 161,170 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Up 0.6 %

Shares of KHC opened at $37.11 on Friday. The firm has a market cap of $45.11 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.89 and a beta of 0.67. The stock has a 50 day simple moving average of $35.87 and a two-hundred day simple moving average of $35.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. Kraft Heinz’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.40 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.31%. Kraft Heinz’s payout ratio is currently 69.26%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KHC shares. Bank of America boosted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup started coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average price target of $40.57.

About Kraft Heinz

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.