First Horizon Advisors Inc. Buys 240,037 Shares of Kraft Heinz Company (NASDAQ:KHC)

First Horizon Advisors Inc. grew its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 53.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 686,862 shares of the company's stock after acquiring an additional 240,037 shares during the quarter. First Horizon Advisors Inc. owned about 0.06% of Kraft Heinz worth $20,901,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the last quarter. Geode Capital Management LLC increased its stake in Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after acquiring an additional 595,406 shares during the last quarter. Norges Bank purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $324,857,000. Northern Trust Corp lifted its stake in shares of Kraft Heinz by 12.6% in the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after purchasing an additional 1,039,885 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kraft Heinz by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock valued at $263,650,000 after purchasing an additional 1,628,516 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their target price for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, May 9th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, Stifel Nicolaus dropped 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. Three analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and an average target price of $30.47.

Kraft Heinz Stock Down 1.6%

NASDAQ KHC traded down $0.43 during trading on Thursday, hitting $26.63. 9,176,852 shares of the company traded hands, compared to its average volume of 10,060,928. The company has a market capitalization of $31.52 billion, a P/E ratio of 9.05, a PEG ratio of 3.16 and a beta of 0.25. The business has a fifty day simple moving average of $27.09 and a 200 day simple moving average of $28.93. Kraft Heinz Company has a 12 month low of $25.44 and a 12 month high of $36.53. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. Kraft Heinz's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.01%. Kraft Heinz's dividend 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.