QRG Capital Management Inc. Has $1.17 Million Stock Position in Kraft Heinz Company (NASDAQ:KHC)

QRG Capital Management Inc. boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 84.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,531 shares of the company's stock after purchasing an additional 17,643 shares during the period. QRG Capital Management Inc.'s holdings in Kraft Heinz were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Allworth Financial LP lifted its stake in Kraft Heinz by 67.3% during the fourth quarter. Allworth Financial LP now owns 22,719 shares of the company's stock valued at $660,000 after purchasing an additional 9,139 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Kraft Heinz by 86.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,677 shares of the company's stock valued at $359,000 after acquiring an additional 5,404 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Kraft Heinz by 73.7% in the 4th quarter. Venturi Wealth Management LLC now owns 5,122 shares of the company's stock valued at $157,000 after acquiring an additional 2,174 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $140,000. Finally, Hara Capital LLC lifted its position in shares of Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after acquiring an additional 650 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KHC shares. Citigroup restated a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. 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 for the company. Finally, The Goldman Sachs Group reduced their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a "sell" rating for the company in a research report on Monday, June 9th. Four research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.35.

Kraft Heinz Stock Up 0.5%

Shares of KHC traded up $0.12 during mid-day trading on Friday, hitting $25.80. 24,837,077 shares of the company's stock were exchanged, compared to its average volume of 9,665,274. The firm has a fifty day moving average of $27.66 and a two-hundred day moving average of $29.20. Kraft Heinz Company has a twelve month low of $25.53 and a twelve month high of $36.53. The stock has a market cap of $30.54 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 3.02 and a beta of 0.27. 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 (NASDAQ:KHC - Get Free Report) last announced its quarterly 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. 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 analyst estimates of $6.02 billion. During the same quarter in the prior year, the business posted $0.69 EPS. Kraft Heinz's quarterly revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 6.20%. Kraft Heinz's dividend payout ratio (DPR) 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.