Vanguard Group Inc. lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,980,834 shares of the company's stock after purchasing an additional 11,472,071 shares during the period. Vanguard Group Inc. owned 8.62% of Kraft Heinz worth $3,103,277,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in KHC. Pacer Advisors Inc. lifted its holdings in shares of Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock valued at $226,523,000 after purchasing an additional 7,278,295 shares in the last quarter. Southeastern Asset Management Inc. TN bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $87,080,000. Fairfax Financial Holdings Ltd. Can lifted its holdings in shares of Kraft Heinz by 341.9% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after purchasing an additional 2,564,000 shares in the last quarter. Criteria Caixa S.A.U. bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $73,316,000. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Kraft Heinz by 1,830.2% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,936,367 shares of the company's stock valued at $59,466,000 after purchasing an additional 1,836,048 shares in the last quarter. Institutional investors own 78.17% of the company's stock.
Analyst Upgrades and Downgrades
KHC has been the subject of a number of recent research reports. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Stifel Nicolaus decreased their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research report on Friday, May 9th. Three research analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.35.
View Our Latest Stock Report on Kraft Heinz
Insider Transactions at Kraft Heinz
In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director directly owned 40,000 shares of the company's stock, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.
Kraft Heinz Price Performance
KHC stock traded up $0.11 during trading on Friday, reaching $27.76. The company's stock had a trading volume of 9,265,738 shares, compared to its average volume of 15,402,403. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $32.86 billion, a P/E ratio of -6.18, a price-to-earnings-growth ratio of 3.23 and a beta of 0.23. The company's fifty day moving average is $26.93 and its 200-day moving average is $28.46.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business's revenue was down 1.9% on a year-over-year basis. On average, research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.
Kraft Heinz Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.8%. Kraft Heinz's dividend payout ratio (DPR) is presently -35.63%.
About Kraft Heinz
(
Free Report)
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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