Kraft Heinz Company (NASDAQ:KHC) Shares Will Pay Quarterly Dividend of $0.40

by · The Cerbat Gem

Kraft Heinz Company (NASDAQ:KHC – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.40 per share on Wednesday, December 23rd. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, December 4th.

Kraft Heinz has a dividend payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kraft Heinz to earn $2.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 74.8%.

Kraft Heinz Trading Up 3.8%

Shares of NASDAQ:KHC opened at $25.46 on Thursday. The firm has a market cap of $30.19 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 2.99 and a beta of 0.12. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09. The company’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $23.90. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The company’s revenue was down 2.0% on a year-over-year basis. As a group, research analysts forecast that Kraft Heinz will post 2.06 EPS for the current fiscal year.

Institutional Trading of Kraft Heinz

Large investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of Kraft Heinz during the 1st quarter worth $27,000. Hara Capital LLC bought a new stake in shares of Kraft Heinz during the 2nd quarter worth $29,000. Fiduciary Financial Advisors acquired a new stake in Kraft Heinz in the second quarter valued at about $33,000. Reyes Financial Architecture Inc. boosted its stake in Kraft Heinz by 5,820.8% in the third quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company’s stock valued at $32,000 after buying an additional 1,397 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Kraft Heinz in the second quarter valued at about $34,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Company Profile

(Get Free Report)

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

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