CX Institutional Invests $322,000 in Kraft Heinz Company (NASDAQ:KHC)

CX Institutional purchased a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,583 shares of the company's stock, valued at approximately $322,000.

A number of other large investors have also recently bought and sold shares of KHC. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after buying an additional 14,996,486 shares in the last quarter. Norges Bank acquired a new stake in Kraft Heinz in the 4th quarter valued at about $324,857,000. Southeastern Asset Management Inc. TN bought a new position in shares of Kraft Heinz in the fourth quarter worth about $87,080,000. Fairfax Financial Holdings Ltd. Can lifted its position in shares of Kraft Heinz by 341.9% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock worth $101,773,000 after purchasing an additional 2,564,000 shares in the last quarter. Finally, Criteria Caixa S.A.U. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $73,316,000. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on KHC shares. Stifel Nicolaus decreased their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Friday, May 9th. Sanford C. Bernstein downgraded shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their target price for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reduced their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a "sell" rating on the stock in a research note on Monday, June 9th. Four investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and a consensus target price of $30.35.

Kraft Heinz Trading Up 0.1%

Shares of Kraft Heinz stock traded up $0.04 during trading hours on Wednesday, hitting $25.79. The company's stock had a trading volume of 8,696,649 shares, compared to its average volume of 9,594,794. Kraft Heinz Company has a 12 month low of $25.53 and a 12 month high of $36.53. 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 has a market capitalization of $30.52 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.02 and a beta of 0.27. The stock has a 50 day moving average of $27.86 and a 200 day moving average of $29.32.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) 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 the consensus estimate of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.21%. Kraft Heinz's dividend payout ratio (DPR) 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.