GF Fund Management CO. LTD. Invests $7.04 Million in The Kraft Heinz Company (NASDAQ:KHC)

GF Fund Management CO. LTD. acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 229,166 shares of the company's stock, valued at approximately $7,038,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Generali Investments Management Co LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $29,000. R Squared Ltd bought a new position in shares of Kraft Heinz during the fourth quarter valued at $34,000. OFI Invest Asset Management acquired a new stake in Kraft Heinz in the fourth quarter valued at $36,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $38,000. Institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KHC. Morgan Stanley initiated coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 target price for the company. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday. Wall Street Zen upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.53.

Kraft Heinz Stock Up 0.3%

Kraft Heinz stock traded up $0.08 during midday trading on Friday, reaching $26.70. The stock had a trading volume of 6,562,152 shares, compared to its average volume of 9,422,562. The company has a fifty day moving average price of $28.66 and a two-hundred day moving average price of $29.80. The company has a market capitalization of $31.59 billion, a P/E ratio of 11.81, a PEG ratio of 3.39 and a beta of 0.30. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $26.01 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 for the quarter, topping 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 company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. Kraft Heinz's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts expect that The Kraft Heinz Company will post 2.68 EPS 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 paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.99%. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

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.