The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Axa S.A.

AXA S.A. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 785,413 shares of the company's stock after purchasing an additional 130,615 shares during the quarter. AXA S.A. owned 0.06% of Kraft Heinz worth $24,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sawyer & Company Inc bought a new stake in Kraft Heinz during the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new position in Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. bought a new stake in Kraft Heinz during the fourth quarter worth about $29,000. R Squared Ltd purchased a new stake in Kraft Heinz in the fourth quarter worth approximately $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at $36,000. Institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

KHC has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Piper Sandler dropped their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Citigroup restated a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Morgan Stanley assumed coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target for the company. Finally, Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.63.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded down $0.17 during trading hours on Wednesday, reaching $28.23. 8,766,274 shares of the company's stock were exchanged, compared to its average volume of 9,118,032. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $29.73 and a two-hundred day moving average of $30.55. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $36.70. The company has a market capitalization of $33.41 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released 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. The firm had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. As a group, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.67%. Kraft Heinz's dividend payout ratio (DPR) is 73.06%.

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.