UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,585,167 shares of the company's stock after buying an additional 1,628,516 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.71% of Kraft Heinz worth $263,650,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Kraft Heinz by 19.9% during 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 during the last quarter. Norges Bank bought a new position in shares of Kraft Heinz during the fourth quarter valued at about $324,857,000. Southeastern Asset Management Inc. TN bought a new position in shares of Kraft Heinz during the fourth quarter valued at about $87,080,000. Fairfax Financial Holdings Ltd. Can boosted its holdings in shares of Kraft Heinz by 341.9% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock worth $101,773,000 after purchasing an additional 2,564,000 shares during the period. Finally, Criteria Caixa S.A.U. bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $73,316,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have commented on the company. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, May 9th. Stifel Nicolaus decreased their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Bank of America cut 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. Finally, Barclays decreased their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.65.
Get Our Latest Analysis on Kraft Heinz
Kraft Heinz Stock Up 1.3%
NASDAQ KHC traded up $0.36 during trading hours on Tuesday, reaching $26.66. 3,504,978 shares of the company's stock traded hands, compared to its average volume of 9,379,443. The Kraft Heinz Company has a 52-week low of $26.01 and a 52-week high of $36.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a 50-day simple moving average of $28.82 and a 200 day simple moving average of $29.88. The firm has a market cap of $31.55 billion, a PE ratio of 11.81, a PEG ratio of 3.39 and a beta of 0.30.
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, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business's revenue was down 6.4% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. Sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date is Friday, May 30th. 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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