Commerzbank Aktiengesellschaft FI Grows Holdings in Kraft Heinz Company (NASDAQ:KHC)

Commerzbank Aktiengesellschaft FI grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,952 shares of the company's stock after acquiring an additional 21,249 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Kraft Heinz were worth $4,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Forum Financial Management LP grew its holdings in Kraft Heinz by 2.3% during the 1st quarter. Forum Financial Management LP now owns 20,179 shares of the company's stock worth $614,000 after acquiring an additional 460 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Kraft Heinz by 4.0% during the 1st quarter. Cooke & Bieler LP now owns 4,491,383 shares of the company's stock worth $136,673,000 after purchasing an additional 173,489 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Kraft Heinz by 11.6% during the first quarter. Kingsview Wealth Management LLC now owns 16,054 shares of the company's stock worth $489,000 after purchasing an additional 1,663 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Kraft Heinz by 5.3% in the first quarter. Victory Capital Management Inc. now owns 1,628,990 shares of the company's stock valued at $49,570,000 after buying an additional 82,222 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in Kraft Heinz by 5.1% in the first quarter. Kornitzer Capital Management Inc. KS now owns 350,723 shares of the company's stock valued at $10,673,000 after buying an additional 17,101 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, May 9th. Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Wells Fargo & Company boosted their price target on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, Cfra Research lowered Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $30.29.

Kraft Heinz Stock Performance

Shares of KHC stock traded down $0.31 during trading hours on Friday, reaching $27.82. 18,388,640 shares of the company's stock were exchanged, compared to its average volume of 10,649,108. 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 company's 50 day moving average is $26.68 and its two-hundred day moving average is $28.63. The company has a market cap of $32.93 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 3.29 and a beta of 0.25. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.75%. Kraft Heinz's payout ratio is 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.