Exchange Traded Concepts LLC increased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 859,969 shares of the company's stock after purchasing an additional 208,249 shares during the period. Exchange Traded Concepts LLC owned 0.07% of Kraft Heinz worth $26,169,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in KHC. Headlands Technologies LLC bought a new stake in Kraft Heinz in the fourth quarter worth $2,048,000. Versant Capital Management Inc raised its position in shares of Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock worth $376,000 after purchasing an additional 10,272 shares during the last quarter. Banque Pictet & Cie SA boosted its stake in Kraft Heinz by 10.8% in the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock worth $2,764,000 after purchasing an additional 8,787 shares in the last quarter. Farther Finance Advisors LLC grew its position in Kraft Heinz by 58.3% during the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock valued at $671,000 after purchasing an additional 8,144 shares during the last quarter. Finally, Americana Partners LLC bought a new stake in Kraft Heinz during the 4th quarter valued at about $7,005,000. Institutional investors own 78.17% of the company's stock.
Kraft Heinz Stock Performance
Shares of Kraft Heinz stock traded down $0.54 on Monday, hitting $25.55. 4,794,698 shares of the company's stock were exchanged, compared to its average volume of 9,547,786. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market capitalization of $30.23 billion, a PE ratio of 11.32, a PEG ratio of 3.39 and a beta of 0.27. The Kraft Heinz Company has a 1 year low of $25.54 and a 1 year high of $36.53. The company has a 50-day simple moving average of $27.97 and a 200-day simple moving average of $29.39.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly 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 7.58% and a net margin of 10.62%. The business had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. The business's quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Dividend Announcement
The company also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on KHC shares. The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a "sell" rating on the stock in a report on Monday, June 9th. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Stifel Nicolaus decreased their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Citigroup reaffirmed a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Finally, Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Four investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $30.35.
Get Our Latest Report on KHC
Kraft Heinz Profile
(
Free Report)
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.
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