Avantra Family Wealth Inc. Makes New Investment in Kraft Heinz Company (NASDAQ:KHC)

Avantra Family Wealth Inc. acquired a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 21,653 shares of the company's stock, valued at approximately $659,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted 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 purchasing an additional 14,996,486 shares during the period. Geode Capital Management LLC raised its position in shares of Kraft Heinz by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after buying an additional 595,406 shares in the last quarter. Norges Bank bought a new stake in Kraft Heinz during the fourth quarter valued at $324,857,000. Northern Trust Corp grew its position in Kraft Heinz by 12.6% during the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock worth $285,286,000 after buying an additional 1,039,885 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kraft Heinz by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock worth $263,650,000 after acquiring an additional 1,628,516 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research analyst reports. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a "sell" rating for the company in a report on Monday, June 9th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Friday, May 9th. Finally, Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $30.35.

Kraft Heinz Stock Up 0.5%

Shares of NASDAQ:KHC traded up $0.12 during midday trading on Monday, reaching $25.92. The company's stock had a trading volume of 15,040,525 shares, compared to its average volume of 9,686,784. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $27.66 and a 200-day moving average of $29.19. The firm has a market capitalization of $30.68 billion, a P/E ratio of 11.84, a PEG ratio of 3.02 and a beta of 0.27. Kraft Heinz Company has a 12-month low of $25.53 and a 12-month high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. On average, research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's payout ratio is presently 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.