Tidal Investments LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 12.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,316 shares of the company's stock after acquiring an additional 10,641 shares during the period. Tidal Investments LLC's holdings in Kraft Heinz were worth $2,927,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KHC. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 14,996,486 shares in the last quarter. Norges Bank purchased a new stake in Kraft Heinz in the 4th quarter valued at $324,857,000. Southeastern Asset Management Inc. TN purchased a new stake in Kraft Heinz in the 4th quarter valued at $87,080,000. Fairfax Financial Holdings Ltd. Can raised its position in Kraft Heinz by 341.9% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock worth $101,773,000 after buying an additional 2,564,000 shares during the last quarter. Finally, Criteria Caixa S.A.U. purchased a new position in Kraft Heinz during the 4th quarter worth $73,316,000. Institutional investors and hedge funds own 78.17% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on KHC shares. JPMorgan Chase & Co. cut their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and cut their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. The Goldman Sachs Group dropped their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Finally, Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of "Hold" and a consensus target price of $30.65.
View Our Latest Stock Analysis on KHC
Kraft Heinz Trading Down 0.8%
Shares of KHC traded down $0.20 during mid-day trading on Friday, hitting $26.30. The company had a trading volume of 10,298,023 shares, compared to its average volume of 9,401,979. The business's 50-day simple moving average is $28.89 and its 200-day simple moving average is $29.95. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1-year low of $26.01 and a 1-year high of $36.53. The stock has a market cap of $31.13 billion, a PE ratio of 11.64, a P/E/G ratio of 3.39 and a beta of 0.30.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Kraft Heinz's revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.08%. Kraft Heinz's payout ratio 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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