Hapanowicz & Associates Financial Services Inc Buys Shares of 6,994 The Kraft Heinz Company (NASDAQ:KHC)

Hapanowicz & Associates Financial Services Inc purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,994 shares of the company’s stock, valued at approximately $259,000. Kraft Heinz accounts for approximately 0.2% of Hapanowicz & Associates Financial Services Inc’s holdings, making the stock its 24th largest position.

Other hedge funds have also made changes to their positions in the company. Ancora Advisors LLC lifted its position in shares of Kraft Heinz by 69.9% during the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after purchasing an additional 272 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Kraft Heinz during the third quarter worth approximately $27,000. OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz during the third quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $35,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC traded up $0.21 during mid-day trading on Thursday, reaching $37.11. 6,769,527 shares of the company’s stock were exchanged, compared to its average volume of 8,125,687. 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 stock has a market capitalization of $45.11 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67. The business’s fifty day simple moving average is $35.86 and its 200-day simple moving average is $35.34. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $41.47.

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

Kraft Heinz Dividend Announcement

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

Analysts Set New Price Targets

KHC has been the topic of a number of recent research reports. Citigroup initiated coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Bank of America upped their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average price target of $40.57.

Kraft Heinz Company 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.