Mirae Asset Global Investments Co. Ltd. Purchases 12,151 Shares of Kraft Heinz Company (NASDAQ:KHC)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 354,477 shares of the company's stock after acquiring an additional 12,151 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Kraft Heinz were worth $10,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KHC. Generali Investments Management Co LLC bought a new stake in Kraft Heinz in the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at about $29,000. OFI Invest Asset Management bought a new stake in Kraft Heinz in the 4th quarter valued at about $36,000. Pinney & Scofield Inc. acquired a new position in Kraft Heinz during the 4th quarter worth approximately $38,000. Finally, Abound Wealth Management boosted its holdings in Kraft Heinz by 1,157.0% in the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after acquiring an additional 1,157 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Friday, May 9th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Stifel Nicolaus dropped 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. Finally, Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. Based on data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.47.

Kraft Heinz Price Performance

NASDAQ:KHC traded down $0.43 during trading hours on Friday, hitting $26.63. The stock had a trading volume of 9,176,852 shares, compared to its average volume of 10,060,928. The company has a 50 day simple moving average of $27.03 and a two-hundred day simple moving average of $28.90. The firm has a market capitalization of $31.52 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 3.12 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 one year low of $25.44 and a one year 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 (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. Research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.01%. The ex-dividend date was Friday, May 30th. 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.