85,158 Shares in Kraft Heinz Company (NASDAQ:KHC) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired 85,158 shares of Kraft Heinz Company, valued at approximately $2.59 million, during the first quarter.
• Vanguard Group Inc. increased its stake in Kraft Heinz by 12.7%, now owning over 101 million shares valued at approximately $3.1 billion.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, providing an annualized yield of 5.8%.

ASR Vermogensbeheer N.V. bought a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 85,158 shares of the company's stock, valued at approximately $2,591,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after acquiring an additional 11,472,071 shares during the period. Pacer Advisors Inc. increased its stake in Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock valued at $226,523,000 after purchasing an additional 7,278,295 shares in the last quarter. Southeastern Asset Management Inc. TN bought a new stake in Kraft Heinz in the fourth quarter valued at $87,080,000. Fairfax Financial Holdings Ltd. Can raised its holdings in shares of Kraft Heinz by 341.9% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after purchasing an additional 2,564,000 shares during the period. Finally, Criteria Caixa S.A.U. bought a new stake in Kraft Heinz in the 4th quarter valued at about $73,316,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

KHC stock opened at $27.65 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $32.73 billion, a PE ratio of -6.16, a P/E/G ratio of 3.18 and a beta of 0.23. The business has a 50 day moving average of $26.91 and a 200-day moving average of $28.48. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The business's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is -35.63%.

Analyst Ratings Changes

Several brokerages have issued reports on KHC. Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Wells Fargo & Company upped their target price on Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research note on Friday, May 9th. Finally, UBS Group lifted their price objective on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and an average price target of $30.35.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company's stock.

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.

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