Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 100.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,640 shares of the company's stock after buying an additional 22,921 shares during the period. Allworth Financial LP's holdings in Kraft Heinz were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KHC. Vanguard Group Inc. raised its position in Kraft Heinz by 19.9% during the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after acquiring an additional 14,996,486 shares during the last quarter. Geode Capital Management LLC raised its position in Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after acquiring an additional 595,406 shares during the last quarter. Norges Bank acquired a new position in Kraft Heinz during the fourth quarter worth about $324,857,000. Northern Trust Corp raised 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 acquiring an additional 1,039,885 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kraft Heinz by 23.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock valued at $263,650,000 after buying an additional 1,628,516 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 2.5%

NASDAQ:KHC traded up $0.67 on Friday, hitting $27.14. 52,405,188 shares of the stock were exchanged, compared to its average volume of 10,376,559. The stock has a market cap of $32.12 billion, a PE ratio of 12.39, a PEG ratio of 3.17 and a beta of 0.25. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $26.74 and a 200-day moving average of $28.72. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm's revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. As a group, equities analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.90%. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

Analysts Set New Price Targets

KHC has been the subject of a number of analyst reports. Citigroup reissued a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Finally, Morgan Stanley initiated coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective for the company. Three research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.29.

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.