Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Kraft Heinz Company by 24.1%, acquiring an additional 1,255,022 shares during the 1st quarter, bringing its total ownership to approximately 6.46 million shares valued at $196.6 million.
• Kraft Heinz reported $0.69 earnings per share for the latest quarter, surpassing analysts' expectations, but its revenue fell 1.9% year-over-year.
• The company announced a quarterly dividend of $0.40, representing an annualized yield of 5.8%, with the ex-dividend date set for August 29th.

Deutsche Bank AG raised its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 24.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,460,347 shares of the company's stock after purchasing an additional 1,255,022 shares during the quarter. Deutsche Bank AG owned 0.55% of Kraft Heinz worth $196,588,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock worth $3,103,277,000 after acquiring an additional 11,472,071 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock valued at $226,523,000 after purchasing an additional 7,278,295 shares during the period. Southeastern Asset Management Inc. TN acquired a new position in Kraft Heinz during the fourth quarter worth approximately $87,080,000. Fairfax Financial Holdings Ltd. Can increased its holdings in shares of Kraft Heinz by 341.9% in the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after acquiring an additional 2,564,000 shares during the period. Finally, Criteria Caixa S.A.U. purchased a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $73,316,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KHC shares. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. UBS Group upped their price objective on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating and seventeen have given a hold rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and an average target price of $30.35.

Kraft Heinz Stock Performance

Shares of KHC stock traded up $0.11 during trading hours on Friday, reaching $27.76. The stock had a trading volume of 9,265,738 shares, compared to its average volume of 15,402,403. The firm has a market capitalization of $32.86 billion, a PE ratio of -6.18, a price-to-earnings-growth ratio of 3.23 and a beta of 0.23. The firm has a 50-day simple moving average of $26.93 and a 200-day simple moving average of $28.46. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. Kraft Heinz's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, August 29th. Kraft Heinz's payout ratio is -35.63%.

Insider Transactions at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company's stock.

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.