IFM Investors Pty Ltd Acquires 16,774 Shares of Kraft Heinz Company (NASDAQ:KHC)

IFM Investors Pty Ltd lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,071 shares of the company's stock after purchasing an additional 16,774 shares during the period. IFM Investors Pty Ltd's holdings in Kraft Heinz were worth $5,693,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GF Fund Management CO. LTD. increased its holdings in Kraft Heinz by 1.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 233,342 shares of the company's stock worth $7,101,000 after purchasing an additional 4,176 shares during the period. OneDigital Investment Advisors LLC grew its stake in Kraft Heinz by 34.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 25,218 shares of the company's stock worth $767,000 after buying an additional 6,416 shares during the last quarter. 44 Wealth Management LLC lifted its position in Kraft Heinz by 25.1% during the 1st quarter. 44 Wealth Management LLC now owns 49,707 shares of the company's stock worth $1,513,000 after acquiring an additional 9,980 shares during the period. Onyx Bridge Wealth Group LLC lifted its position in Kraft Heinz by 2.0% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,978 shares of the company's stock worth $943,000 after acquiring an additional 609 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in Kraft Heinz by 25.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 9,102 shares of the company's stock worth $277,000 after acquiring an additional 1,837 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded up $0.35 during trading on Tuesday, reaching $26.43. 12,622,619 shares of the stock traded hands, compared to its average volume of 10,103,521. The company has a 50-day moving average of $26.92 and a 200-day moving average of $28.81. The stock has a market capitalization of $31.28 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 3.12 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 Company has a 52-week low of $25.44 and a 52-week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the company earned $0.69 EPS. The company's revenue was down 6.4% on a year-over-year basis. Analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.05%. Kraft Heinz's dividend payout ratio is currently 73.06%.

Analyst Ratings Changes

KHC has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Morgan Stanley started coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective on the stock. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, May 9th. Three investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.47.

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.