Siemens Fonds Invest GmbH grew its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 192.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,499 shares of the company's stock after purchasing an additional 41,163 shares during the period. Siemens Fonds Invest GmbH's holdings in Kraft Heinz were worth $1,871,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $2,048,000. SG Americas Securities LLC raised its position in Kraft Heinz by 511.7% during the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock valued at $1,312,000 after purchasing an additional 35,725 shares in the last quarter. Banque Pictet & Cie SA raised its position in Kraft Heinz by 10.8% during the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock valued at $2,764,000 after purchasing an additional 8,787 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in Kraft Heinz during the 4th quarter valued at $287,000. Finally, Milestone Asset Management LLC bought a new stake in Kraft Heinz during the 4th quarter valued at $1,004,000. 78.17% of the stock is owned by institutional investors.
Kraft Heinz Stock Down 1.0%
KHC stock traded down $0.27 on Friday, hitting $26.75. 17,507,338 shares of the company's stock were exchanged, compared to its average volume of 9,464,649. The Kraft Heinz Company has a 12-month low of $26.01 and a 12-month high of $36.53. The firm has a 50 day moving average price of $28.61 and a two-hundred day moving average price of $29.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market cap of $31.66 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The company had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.98%. Kraft Heinz's dividend payout ratio is currently 73.06%.
Analyst Ratings Changes
KHC has been the subject of a number of research analyst reports. Cfra Research lowered Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. DZ Bank lowered 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. Citigroup reiterated a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.53.
Get Our Latest Report on Kraft Heinz
Kraft Heinz Company Profile
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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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