AIA Group Ltd increased its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 53.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,034 shares of the company's stock after buying an additional 63,037 shares during the quarter. AIA Group Ltd's holdings in Kraft Heinz were worth $5,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Klingenstein Fields & Co. LP increased its position in shares of Kraft Heinz by 4.6% during the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company's stock valued at $239,000 after purchasing an additional 344 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Kraft Heinz by 4.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company's stock worth $307,000 after acquiring an additional 386 shares during the period. Meeder Advisory Services Inc. grew its stake in shares of Kraft Heinz by 2.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company's stock worth $459,000 after acquiring an additional 393 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of Kraft Heinz by 1.6% during the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company's stock worth $779,000 after acquiring an additional 397 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Kraft Heinz by 0.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock worth $2,101,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.
Analyst Ratings Changes
KHC has been the subject of several analyst reports. Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Argus restated a "hold" rating and issued a $28.02 target price on shares of Kraft Heinz in a research note on Thursday. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Friday, May 9th. Finally, The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and an average price target of $30.22.
View Our Latest Stock Report on KHC
Kraft Heinz Trading Down 1.3%
Shares of NASDAQ:KHC traded down $0.37 during trading on Thursday, hitting $27.65. The company had a trading volume of 15,031,674 shares, compared to its average volume of 12,504,748. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The company has a fifty day simple moving average of $26.98 and a two-hundred day simple moving average of $28.43. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The stock has a market cap of $32.73 billion, a price-to-earnings ratio of -6.16, a price-to-earnings-growth ratio of 3.19 and a beta of 0.23.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. Kraft Heinz's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. As a group, equities analysts forecast 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, September 26th. Stockholders of record on Friday, August 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.8%. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.
Insider Activity
In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company's stock, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company's stock.
About Kraft Heinz
(
Free Report)
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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