CX Institutional Takes $322,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

CX Institutional bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,583 shares of the company's stock, valued at approximately $322,000.

Other hedge funds also recently modified their holdings of the company. New York Life Investment Management LLC lifted its holdings in shares of Kraft Heinz by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after buying an additional 361 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Kraft Heinz by 5.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after purchasing an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Kraft Heinz by 1.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after purchasing an additional 370 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Kraft Heinz by 4.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company's stock worth $307,000 after purchasing an additional 386 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in shares of Kraft Heinz by 3.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company's stock worth $427,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Stock Down 1.4%

Kraft Heinz stock traded down $0.38 on Friday, hitting $26.08. 12,759,693 shares of the stock traded hands, compared to its average volume of 9,564,471. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm has a market cap of $30.87 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 3.39 and a beta of 0.27. The business's fifty day simple moving average is $27.97 and its 200 day simple moving average is $29.41. The Kraft Heinz Company has a 1 year low of $26.01 and a 1 year high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly 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 7.58% and a net margin of 10.62%. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period last year, the company earned $0.69 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.13%. Kraft Heinz's dividend payout ratio is currently 73.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KHC shares. 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 research report on Friday, May 9th. The Goldman Sachs Group reduced their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a "sell" rating on the stock in a research report on Monday, June 9th. Wall Street Zen upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley began coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target on the stock. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.35.

Kraft Heinz Company 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.