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

China Universal Asset Management Co. Ltd. boosted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 50.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 29,515 shares of the company's stock after buying an additional 9,837 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Kraft Heinz were worth $898,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Financial Counselors Inc. increased its stake in shares of Kraft Heinz by 41.1% in the first quarter. Financial Counselors Inc. now owns 13,363 shares of the company's stock worth $407,000 after buying an additional 3,892 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Kraft Heinz by 7.9% in the first quarter. TD Private Client Wealth LLC now owns 41,484 shares of the company's stock worth $1,262,000 after buying an additional 3,028 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Kraft Heinz by 17.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,363,192 shares of the company's stock worth $41,482,000 after buying an additional 204,054 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Kraft Heinz by 6.6% in the first quarter. Hexagon Capital Partners LLC now owns 7,643 shares of the company's stock worth $233,000 after buying an additional 474 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Kraft Heinz by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock worth $248,665,000 after buying an additional 103,548 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Citigroup reaffirmed a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, May 9th. Finally, Morgan Stanley initiated coverage on shares of Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target for the company. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and a consensus target price of $30.29.

Kraft Heinz Trading Up 2.5%

NASDAQ KHC traded up $0.67 on Friday, hitting $27.14. 52,405,188 shares of the company were exchanged, compared to its average volume of 10,376,559. The company's 50 day moving average price is $26.74 and its 200-day moving average price is $28.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. The firm has a market capitalization of $32.12 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 3.17 and a beta of 0.25. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The company had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The business's revenue for the quarter was down 6.4% on a year-over-year basis. Analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

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

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.