Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 1,202,533 The Kraft Heinz Company (NASDAQ:KHC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,202,533 shares of the company's stock, valued at approximately $36,930,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Kraft Heinz at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Kraft Heinz by 19.9% during the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock valued at $604,644,000 after purchasing an additional 595,406 shares during the last quarter. Norges Bank purchased a new stake in Kraft Heinz during the fourth quarter valued at about $324,857,000. Northern Trust Corp increased its position in shares of Kraft Heinz by 12.6% during the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after buying an additional 1,039,885 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kraft Heinz by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock valued at $263,650,000 after buying an additional 1,628,516 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 1.0%

KHC stock traded down $0.27 on Friday, reaching $26.75. The company's stock had a trading volume of 17,507,338 shares, compared to its average volume of 9,464,649. The business has a fifty day simple moving average of $28.61 and a two-hundred day simple moving average of $29.73. The Kraft Heinz Company has a 12-month low of $26.01 and a 12-month high of $36.53. The firm has a market cap of $31.66 billion, a PE ratio of 11.84, a PEG ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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 analyst estimates of $6.02 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. As a group, research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research analyst reports. Piper Sandler decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Wall Street Zen upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to MarketBeat.com, Kraft Heinz has an average rating of "Hold" and a consensus price target of $30.53.

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.