Mn Services Vermogensbeheer B.V. reduced its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 310,600 shares of the company's stock after selling 24,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Kraft Heinz were worth $9,452,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of KHC. Vanguard Group Inc. boosted its holdings in Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares in the last quarter. Norges Bank purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $324,857,000. Southeastern Asset Management Inc. TN acquired a new position in Kraft Heinz during the fourth quarter worth $87,080,000. Fairfax Financial Holdings Ltd. Can raised its position in 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 worth $101,773,000 after acquiring an additional 2,564,000 shares in the last quarter. Finally, Criteria Caixa S.A.U. purchased a new position in Kraft Heinz in the fourth quarter worth $73,316,000. Institutional investors and hedge funds own 78.17% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Cfra Research cut shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Morgan Stanley began coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 target price on the stock. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Friday, May 9th. Stifel Nicolaus decreased their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup restated a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat, Kraft Heinz has a consensus rating of "Hold" and a consensus target price of $30.35.
Get Our Latest Stock Report on Kraft Heinz
Kraft Heinz Price Performance
KHC stock traded up $0.15 during trading on Friday, hitting $25.83. The stock had a trading volume of 13,137,996 shares, compared to its average volume of 9,639,838. The stock has a market cap of $30.57 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 3.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. The company's 50 day moving average price is $27.73 and its two-hundred day moving average price is $29.25. Kraft Heinz Company has a 1-year low of $25.53 and a 1-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 for the quarter, beating 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 business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The company's 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 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is 73.06%.
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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