Kraft Heinz Company $KHC Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in Kraft Heinz by 477.3% during the first quarter, acquiring 234,302 additional shares, bringing its total ownership to 283,391 shares valued at $8.62 million.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 5.8%, with the ex-dividend date set for August 29th.
• The company reported $0.69 earnings per share for the last quarter, surpassing analyst expectations, but noted a 1.9% year-over-year decrease in revenue.

Quantbot Technologies LP increased its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 477.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,391 shares of the company's stock after purchasing an additional 234,302 shares during the period. Quantbot Technologies LP's holdings in Kraft Heinz were worth $8,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc increased 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 valued at $376,000 after acquiring an additional 10,272 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Kraft Heinz by 7.8% in the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock valued at $2,746,000 after purchasing an additional 6,551 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Kraft Heinz by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock worth $248,665,000 after purchasing an additional 103,548 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Kraft Heinz by 28.1% during the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock worth $481,000 after purchasing an additional 3,468 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Kraft Heinz by 58.3% in the first quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock valued at $671,000 after buying an additional 8,144 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $27.67 on Monday. The stock has a market capitalization of $32.75 billion, a P/E ratio of -6.16, a P/E/G ratio of 3.22 and a beta of 0.23. The company's fifty day moving average price is $27.02 and its 200 day moving average price is $28.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is -35.63%.

Insider Activity

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were 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 in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, May 9th. Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Finally, UBS Group boosted their price objective on Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.35.

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.

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