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

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

A number of other institutional investors have also made changes to their positions in the stock. Generali Investments Management Co LLC bought a new position in Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz in the 4th quarter worth approximately $29,000. Rossby Financial LCC bought a new position in Kraft Heinz in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in Kraft Heinz in the 1st quarter worth approximately $33,000. Finally, OFI Invest Asset Management bought a new position in Kraft Heinz in the 4th quarter worth approximately $36,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 0.5%

Shares of KHC traded up $0.14 on Thursday, hitting $26.59. The company's stock had a trading volume of 6,639,722 shares, compared to its average volume of 10,134,567. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $31.47 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 3.09 and a beta of 0.25. The firm's fifty day moving average price is $26.81 and its 200-day moving average price is $28.78. 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 posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share 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 analysts' expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. Kraft Heinz's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, equities research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.02%. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Wall Street Analyst Weigh In

KHC has been the topic of several recent research reports. Morgan Stanley initiated coverage on Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective on the stock. Stifel Nicolaus decreased their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. 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 note on Friday, April 4th. Finally, Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus 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.