Kraft Heinz Company (NASDAQ:KHC) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 500,088 shares of the company's stock after buying an additional 49,975 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Kraft Heinz were worth $15,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Generali Investments Management Co LLC acquired a new position in Kraft Heinz during the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz during the fourth quarter worth about $29,000. Rossby Financial LCC acquired a new position in Kraft Heinz during the first quarter worth about $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz during the first quarter worth about $33,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $38,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KHC shares. Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Citigroup reiterated a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Morgan Stanley started coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target on the stock. Finally, Stifel Nicolaus lowered 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 research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.29.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $26.47 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market cap of $31.33 billion, a P/E ratio of 12.09, a P/E/G ratio of 3.09 and a beta of 0.25. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53. The firm's 50 day moving average is $26.77 and its two-hundred day moving average is $28.75.

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, topping analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Kraft Heinz's revenue was down 6.4% on a year-over-year basis. Analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's payout ratio is currently 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.

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