China Universal Asset Management Co. Ltd. Purchases 9,837 Shares of Kraft Heinz Company (NASDAQ:KHC)

China Universal Asset Management Co. Ltd. increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,515 shares of the company's stock after purchasing an additional 9,837 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Kraft Heinz were worth $898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KHC. Vanguard Group Inc. grew its holdings in Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after buying an additional 14,996,486 shares in the last quarter. Norges Bank purchased a new position in Kraft Heinz during the 4th quarter valued at approximately $324,857,000. Southeastern Asset Management Inc. TN purchased a new position in Kraft Heinz during the 4th quarter valued at approximately $87,080,000. Fairfax Financial Holdings Ltd. Can grew its holdings in Kraft Heinz by 341.9% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after buying an additional 2,564,000 shares in the last quarter. Finally, Criteria Caixa S.A.U. purchased a new position in Kraft Heinz during the 4th quarter valued at approximately $73,316,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 0.1%

Shares of KHC stock traded up $0.02 on Thursday, reaching $26.47. 15,835,536 shares of the company's stock were exchanged, compared to its average volume of 10,180,159. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. 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 market capitalization of $31.33 billion, a PE ratio of 12.09, a P/E/G ratio of 3.09 and a beta of 0.25. The company's fifty day simple moving average is $26.81 and its 200 day simple moving average is $28.78.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results 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 firm 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%. Kraft Heinz's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. As a group, analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analysts Set New Price Targets

KHC has been the subject of several research analyst reports. Wall Street Zen upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Morgan Stanley initiated coverage on Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 target price on the stock. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their target price for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Stifel Nicolaus cut their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Three analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $30.29.

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.