AlphaCrest Capital Management LLC Purchases New Position in Kraft Heinz Co (KHC)

AlphaCrest Capital Management LLC purchased a new position in shares of Kraft Heinz Co (NASDAQ:KHC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,200 shares of the company’s stock, valued at approximately $1,300,000.

Other hedge funds have also recently bought and sold shares of the company. North Star Investment Management Corp. lifted its holdings in Kraft Heinz by 0.4% during the 4th quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock worth $2,617,000 after purchasing an additional 237 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Kraft Heinz by 4.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock worth $237,000 after purchasing an additional 239 shares in the last quarter. OLD Second National Bank of Aurora lifted its holdings in Kraft Heinz by 7.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock worth $154,000 after purchasing an additional 250 shares in the last quarter. Delta Asset Management LLC TN lifted its holdings in Kraft Heinz by 3.5% during the 4th quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock worth $320,000 after purchasing an additional 250 shares in the last quarter. Finally, Gradient Investments LLC lifted its holdings in Kraft Heinz by 54.2% during the 4th quarter. Gradient Investments LLC now owns 717 shares of the company’s stock worth $31,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 62.30% of the company’s stock.

NASDAQ:KHC opened at $32.40 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.00. The stock has a market capitalization of $39.51 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72. Kraft Heinz Co has a twelve month low of $31.82 and a twelve month high of $67.95.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.10). The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.93 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.52%. Kraft Heinz’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share. As a group, research analysts expect that Kraft Heinz Co will post 3.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.94%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.82%.

KHC has been the topic of several recent analyst reports. Piper Jaffray Companies set a $62.00 price target on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. UBS Group set a $65.00 price target on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. Susquehanna Bancshares reaffirmed a “negative” rating and issued a $47.00 price target (down previously from $59.00) on shares of Kraft Heinz in a report on Friday, November 2nd. Royal Bank of Canada lowered their price target on Kraft Heinz to $68.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Finally, Bank of America set a $83.00 price target on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $46.59.

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Kraft Heinz Company Profile

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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