QSM Asset Management Ltd Purchases New Stake in The Kraft Heinz Company (NASDAQ:KHC)

QSM Asset Management Ltd acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 235,746 shares of the company's stock, valued at approximately $7,135,000. Kraft Heinz comprises 6.1% of QSM Asset Management Ltd's investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds also recently modified their holdings of the business. Menard Financial Group LLC grew its position in shares of Kraft Heinz by 5.2% during the 4th quarter. Menard Financial Group LLC now owns 11,495 shares of the company's stock worth $353,000 after buying an additional 571 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $36,930,000. Lakeshore Capital Group Inc. bought a new stake in Kraft Heinz in the fourth quarter valued at approximately $770,000. Ascent Group LLC bought a new position in shares of Kraft Heinz during the fourth quarter worth $227,000. Finally, Forum Financial Management LP increased its position in shares of Kraft Heinz by 56.5% in the 4th quarter. Forum Financial Management LP now owns 19,719 shares of the company's stock valued at $606,000 after buying an additional 7,118 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Down 1.0%

KHC traded down $0.27 on Friday, hitting $26.75. 17,507,338 shares of the company were exchanged, compared to its average volume of 9,476,480. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock's fifty day moving average is $28.61 and its 200-day moving average is $29.76. The company has a market cap of $31.66 billion, a PE ratio of 11.84, a PEG ratio of 3.39 and a beta of 0.30. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The company 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 business's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. Equities research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Mizuho set a $29.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday. Sanford C. Bernstein downgraded shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, May 9th. Finally, Citigroup restated a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.53.

About Kraft Heinz

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.