Kraft Heinz Company (NASDAQ:KHC) is Poplar Forest Capital LLC's 10th Largest Position

Poplar Forest Capital LLC grew its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 747,760 shares of the company's stock after purchasing an additional 39,388 shares during the period. Kraft Heinz comprises about 4.0% of Poplar Forest Capital LLC's holdings, making the stock its 10th largest position. Poplar Forest Capital LLC owned approximately 0.06% of Kraft Heinz worth $22,754,000 at the end of the most recent reporting period.

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

Kraft Heinz Price Performance

Shares of KHC stock traded down $0.10 during trading hours on Friday, reaching $28.68. The company's stock had a trading volume of 8,521,402 shares, compared to its average volume of 19,020,060. The firm's 50 day simple moving average is $26.77 and its 200-day simple moving average is $28.57. The company has a market capitalization of $33.94 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 3.37 and a beta of 0.25. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The business 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Sell-side analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date was Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

KHC has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Citigroup restated a "sell" rating and set a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Cfra Research cut shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Wells Fargo & Company increased their target price on shares of Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Finally, UBS Group lowered their target price on shares of Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Three analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company's stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and an average target price of $30.29.

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.