Generali Investments CEE investicni spolecnost a.s. boosted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,347 shares of the company's stock after buying an additional 11,507 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Kraft Heinz were worth $4,636,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in KHC. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $26,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz during the 4th quarter valued at $29,000. Rossby Financial LCC purchased a new stake in Kraft Heinz during the 1st quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in Kraft Heinz in the 1st quarter valued at $33,000. Finally, OFI Invest Asset Management purchased a new position in Kraft Heinz in the fourth quarter valued at about $36,000. 78.17% of the stock is owned by institutional investors and hedge funds.
Kraft Heinz Trading Down 1.6%
NASDAQ KHC opened at $26.63 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The company has a 50-day simple moving average of $26.97 and a 200-day simple moving average of $28.86. The firm has a market capitalization of $31.52 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 3.12 and a beta of 0.25.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 7.37% and a net margin of 10.44%. Kraft Heinz's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, equities analysts forecast 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 was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.01%. The ex-dividend date was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is 73.06%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus lowered their target price 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. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Morgan Stanley assumed coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective on the stock. Sanford C. Bernstein downgraded shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Three research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.47.
Get Our Latest Research Report on KHC
Kraft Heinz Company Profile
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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.
See Also
Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Company (NASDAQ:KHC - Free Report).
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