Criteria Caixa S.A.U. Makes New $73.32 Million Investment in The Kraft Heinz Company (NASDAQ:KHC)

Criteria Caixa S.A.U. bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,387,375 shares of the company's stock, valued at approximately $73,316,000. Kraft Heinz makes up about 10.5% of Criteria Caixa S.A.U.'s holdings, making the stock its 3rd largest holding. Criteria Caixa S.A.U. owned 0.20% of Kraft Heinz at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in 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 bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $324,857,000. Thompson Siegel & Walmsley LLC boosted its holdings in Kraft Heinz by 96.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after buying an additional 1,403,220 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Kraft Heinz in the fourth quarter worth approximately $39,339,000. Finally, Nordea Investment Management AB increased its holdings in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analyst Weigh In

KHC has been the subject of several analyst reports. Piper Sandler reduced their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.63.

Kraft Heinz Stock Up 0.7 %

Shares of KHC stock traded up $0.20 on Friday, hitting $28.70. The company's stock had a trading volume of 4,896,162 shares, compared to its average volume of 9,113,915. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $37.07. The firm's fifty day moving average price is $29.92 and its 200-day moving average price is $30.75. 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 has a market capitalization of $34.24 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's dividend payout ratio is currently 70.80%.

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.