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China Universal Asset Management Co. Ltd. Has $898,000 Position in Kraft Heinz Company (NASDAQ:KHC)

Kraft Heinz logo with Consumer Staples background

China Universal Asset Management Co. Ltd. raised its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 50.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 29,515 shares of the company's stock after acquiring 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.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KHC. Hara Capital LLC raised its position in Kraft Heinz by 61.9% during the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after acquiring an additional 650 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Kraft Heinz in the fourth quarter valued at approximately $2,482,000. Raymond James Financial Inc. purchased a new stake in Kraft Heinz in the fourth quarter valued at approximately $39,339,000. PNC Financial Services Group Inc. grew its stake in Kraft Heinz by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 207,634 shares of the company's stock worth $6,376,000 after buying an additional 6,697 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in Kraft Heinz by 11.6% during the fourth quarter. Personal CFO Solutions LLC now owns 10,456 shares of the company's stock worth $321,000 after buying an additional 1,088 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on KHC

Kraft Heinz Stock Up 0.1%

Shares of KHC stock traded up $0.02 during trading on Wednesday, hitting $26.45. 13,830,036 shares of the company were exchanged, compared to its average volume of 10,135,233. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. The firm has a market capitalization of $31.30 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 3.05 and a beta of 0.25. The business's 50-day simple moving average is $26.87 and its 200 day simple moving average is $28.80. 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 quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The company's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

Kraft Heinz Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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