32,234 Shares in Kraft Heinz Company (NASDAQ:KHC) Purchased by MQS Management LLC

MQS Management LLC purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,234 shares of the company's stock, valued at approximately $981,000. Kraft Heinz makes up approximately 0.6% of MQS Management LLC's holdings, making the stock its 9th biggest holding.

A number of other hedge funds have also made changes to their positions in KHC. Generali Investments Management Co LLC acquired a new position in Kraft Heinz in the fourth quarter worth $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz in the fourth quarter worth $29,000. Rossby Financial LCC acquired a new position in Kraft Heinz in the first quarter worth $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz in the first quarter worth $33,000. Finally, Pinney & Scofield Inc. acquired a new position in Kraft Heinz in the fourth quarter worth $38,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Analysts Set New Price Targets

KHC has been the topic of a number of recent research reports. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Friday, May 9th. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley initiated coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and raised their target price for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Finally, Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $30.29.

Kraft Heinz Price Performance

NASDAQ:KHC traded up $0.67 during mid-day trading on Friday, reaching $27.14. 52,405,188 shares of the stock were exchanged, compared to its average volume of 10,376,559. The business has a fifty day moving average price of $26.74 and a 200 day moving average price of $28.72. The firm has a market capitalization of $32.12 billion, a PE ratio of 12.39, a PEG ratio of 3.17 and a beta of 0.25. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The firm had revenue of $6 billion for 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%. Kraft Heinz's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's payout ratio is currently 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.