Investors Buy Shares of Kraft Heinz (KHC) on Weakness

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Investors bought shares of Kraft Heinz Co (NASDAQ:KHC) on weakness during trading on Friday. $100.38 million flowed into the stock on the tick-up and $58.61 million flowed out of the stock on the tick-down, for a money net flow of $41.77 million into the stock. Of all stocks tracked, Kraft Heinz had the 29th highest net in-flow for the day. Kraft Heinz traded down ($0.46) for the day and closed at $32.29

A number of analysts recently issued reports on KHC shares. Barclays downgraded shares of Kraft Heinz from an “overweight” rating to an “equal weight” rating in a report on Friday, February 22nd. Standpoint Research started coverage on shares of Kraft Heinz in a report on Wednesday, December 26th. They set a “buy” rating for the company. Deutsche Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $58.00 to $52.00 in a report on Tuesday, February 5th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Credit Suisse Group set a $33.00 price objective on shares of Kraft Heinz and gave the stock an “underperform” rating in a report on Friday, February 22nd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.35.

The company has a market capitalization of $39.05 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.42 and a beta of 0.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 1.22.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.10). The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. Kraft Heinz’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. As a group, analysts expect that Kraft Heinz Co will post 2.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.96%. Kraft Heinz’s payout ratio is 45.33%.

Several institutional investors and hedge funds have recently bought and sold shares of KHC. Pinnacle Bank bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $62,000. Arbor Wealth Management LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $141,000. Belpointe Asset Management LLC boosted its position in shares of Kraft Heinz by 302.1% in the fourth quarter. Belpointe Asset Management LLC now owns 11,533 shares of the company’s stock valued at $496,000 after acquiring an additional 8,665 shares during the period. Sowell Financial Services LLC lifted its position in Kraft Heinz by 28.9% during the fourth quarter. Sowell Financial Services LLC now owns 94,359 shares of the company’s stock valued at $4,061,000 after purchasing an additional 21,178 shares during the last quarter. Finally, Norges Bank bought a new stake in Kraft Heinz during the fourth quarter valued at approximately $355,973,000. Hedge funds and other institutional investors own 61.76% of the company’s stock.

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About Kraft Heinz (NASDAQ:KHC)

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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