Robeco Institutional Asset Management B.V. Grows Stock Holdings in Kraft Heinz Company (NASDAQ:KHC)

Robeco Institutional Asset Management B.V. lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,455,036 shares of the company's stock after purchasing an additional 77,110 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of Kraft Heinz worth $44,277,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. HBK Sorce Advisory LLC raised its position in Kraft Heinz by 7.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 8,567 shares of the company's stock valued at $261,000 after purchasing an additional 630 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Kraft Heinz by 115.5% during the first quarter. Golden State Wealth Management LLC now owns 1,554 shares of the company's stock valued at $47,000 after buying an additional 833 shares during the period. AssuredPartners Investment Advisors LLC raised its holdings in shares of Kraft Heinz by 71.3% during the first quarter. AssuredPartners Investment Advisors LLC now owns 12,879 shares of the company's stock valued at $392,000 after acquiring an additional 5,360 shares in the last quarter. Uncommon Cents Investing LLC lifted its stake in Kraft Heinz by 5.6% in the first quarter. Uncommon Cents Investing LLC now owns 79,714 shares of the company's stock worth $2,426,000 after acquiring an additional 4,204 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Kraft Heinz by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock valued at $2,101,000 after acquiring an additional 397 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 0.2%

Kraft Heinz stock opened at $25.79 on Friday. Kraft Heinz Company has a 12 month low of $25.53 and a 12 month high of $36.53. The company has a market capitalization of $30.52 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 3.01 and a beta of 0.27. The business's fifty day simple moving average is $27.38 and its two-hundred day simple moving average is $29.07. 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 posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm 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 firm earned $0.69 EPS. Kraft Heinz's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts predict 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 will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 6.20%. Kraft Heinz's dividend payout ratio is presently 73.06%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KHC. Citigroup restated a "sell" rating and issued a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research note on Friday, May 9th. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $25.00 to $27.00 in a report on Wednesday. Sanford C. Bernstein downgraded Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.