Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 50.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,515 shares of the company's stock after buying 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings 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 purchasing an additional 14,996,486 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 595,406 shares during the last quarter. Norges Bank acquired a new position in Kraft Heinz during the fourth quarter worth $324,857,000. Northern Trust Corp raised its holdings 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 purchasing 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 holdings in Kraft Heinz by 23.4% during 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 worth $263,650,000 after purchasing an additional 1,628,516 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 2.5%

Shares of NASDAQ:KHC traded up $0.67 during trading on Friday, hitting $27.14. The company's stock had a trading volume of 52,348,404 shares, compared to its average volume of 10,348,302. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53. The stock's 50-day moving average price is $26.77 and its two-hundred day moving average price is $28.75. The company has a market capitalization of $32.12 billion, a PE ratio of 12.39, a PEG ratio of 3.09 and a beta of 0.25.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $6.02 billion. During the same quarter last year, the business posted $0.69 EPS. Kraft Heinz's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders 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 dividend yield of 5.90%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Citigroup reissued a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Wells Fargo & Company cut their price target on Kraft Heinz from $30.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday. Mizuho set a $29.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Finally, Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price 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.