Hussman Strategic Advisors Inc. Buys 21,000 Shares of Kraft Heinz Company (NASDAQ:KHC)

Hussman Strategic Advisors Inc. boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 100.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 42,000 shares of the company's stock after acquiring an additional 21,000 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Kraft Heinz were worth $1,278,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after purchasing an additional 14,996,486 shares during the period. Norges Bank acquired a new position in Kraft Heinz in the 4th quarter worth $324,857,000. Southeastern Asset Management Inc. TN acquired a new position in Kraft Heinz in the 4th quarter worth $87,080,000. Fairfax Financial Holdings Ltd. Can boosted its stake in 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 worth $101,773,000 after purchasing an additional 2,564,000 shares during the period. Finally, Criteria Caixa S.A.U. acquired a new position in Kraft Heinz in the 4th quarter worth $73,316,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus cut 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. Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Citigroup reiterated a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price target for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company upped their price target on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $30.29.

Kraft Heinz Trading Down 1.1%

NASDAQ KHC traded down $0.31 during mid-day trading on Friday, reaching $27.82. 18,388,640 shares of the stock were exchanged, compared to its average volume of 10,666,096. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The stock has a 50 day simple moving average of $26.68 and a 200-day simple moving average of $28.62. The stock has a market cap of $32.93 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.26 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted 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. The firm 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 business's 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, analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.

Kraft Heinz 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.