DekaBank Deutsche Girozentrale Has $15.17 Million Position in Kraft Heinz Company (NASDAQ:KHC)

DekaBank Deutsche Girozentrale increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 11.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 500,088 shares of the company's stock after purchasing an additional 49,975 shares during the period. DekaBank Deutsche Girozentrale's holdings in Kraft Heinz were worth $15,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KHC. Personal CFO Solutions LLC raised its holdings in shares of Kraft Heinz by 13.1% in the 1st quarter. Personal CFO Solutions LLC now owns 11,824 shares of the company's stock valued at $360,000 after purchasing an additional 1,368 shares in the last quarter. Hourglass Capital LLC raised its holdings in shares of Kraft Heinz by 4.2% in the 1st quarter. Hourglass Capital LLC now owns 162,110 shares of the company's stock valued at $4,933,000 after purchasing an additional 6,520 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of Kraft Heinz by 50.0% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 29,515 shares of the company's stock valued at $898,000 after purchasing an additional 9,837 shares in the last quarter. Financial Counselors Inc. raised its holdings in shares of Kraft Heinz by 41.1% in the 1st quarter. Financial Counselors Inc. now owns 13,363 shares of the company's stock valued at $407,000 after purchasing an additional 3,892 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Kraft Heinz by 7.9% in the 1st quarter. TD Private Client Wealth LLC now owns 41,484 shares of the company's stock valued at $1,262,000 after purchasing an additional 3,028 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KHC. DZ Bank lowered shares of 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. Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday. Stifel Nicolaus dropped their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company's stock. According to MarketBeat, Kraft Heinz has an average rating of "Hold" and an average price target of $30.29.

Kraft Heinz Price Performance

Shares of KHC traded up $0.67 during mid-day trading on Friday, hitting $27.14. The company's stock had a trading volume of 52,405,188 shares, compared to its average volume of 10,360,053. The firm has a 50-day moving average price of $26.77 and a 200 day moving average price of $28.75. The stock has a market capitalization of $32.12 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 3.10 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 fifty-two week low of $25.44 and a fifty-two week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The business's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. On average, research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date was Friday, May 30th. Kraft Heinz's dividend payout ratio is 73.06%.

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.