Farther Finance Advisors LLC Purchases 8,144 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Farther Finance Advisors LLC boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 58.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,111 shares of the company’s stock after purchasing an additional 8,144 shares during the quarter. Farther Finance Advisors LLC’s holdings in Kraft Heinz were worth $671,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock valued at $2,779,524,000 after acquiring an additional 14,996,486 shares during the last quarter. Norges Bank purchased a new stake in Kraft Heinz during the 4th quarter valued at $324,857,000. Southeastern Asset Management Inc. TN bought a new stake in Kraft Heinz in the fourth quarter worth $87,080,000. Fairfax Financial Holdings Ltd. Can boosted its stake in Kraft Heinz by 341.9% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company’s stock worth $101,773,000 after buying an additional 2,564,000 shares during the period. Finally, Criteria Caixa S.A.U. purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $73,316,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. DZ Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a report on Friday, May 9th. Morgan Stanley began coverage on Kraft Heinz in a research note on Monday, March 24th. They set an “underweight” rating and a $29.00 price target for the company. Citigroup restated a “sell” rating and set a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Wall Street Zen upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Cfra Research lowered shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $30.35.

Kraft Heinz Price Performance

NASDAQ KHC opened at $26.08 on Friday. The company has a market cap of $30.87 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.39 and a beta of 0.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock’s fifty day moving average price is $27.97 and its 200 day moving average price is $29.41. The Kraft Heinz Company has a 1 year low of $26.01 and a 1 year high of $36.53.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.13%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s dividend payout ratio is currently 73.06%.

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.