Versant Capital Management Inc Boosts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Versant Capital Management Inc raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 493.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,354 shares of the company's stock after acquiring an additional 10,272 shares during the period. Versant Capital Management Inc's holdings in Kraft Heinz were worth $376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth approximately $2,048,000. Banque Pictet & Cie SA lifted its stake in shares of Kraft Heinz by 10.8% in the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock worth $2,764,000 after purchasing an additional 8,787 shares during the period. Perigon Wealth Management LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth approximately $287,000. GFS Advisors LLC bought a new stake in Kraft Heinz during the 4th quarter worth approximately $3,411,000. Finally, Americana Partners LLC bought a new stake in Kraft Heinz during the 4th quarter worth approximately $7,005,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of 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 stock's fifty day simple moving average is $28.61 and its 200-day simple moving average is $29.74. The Kraft Heinz Company has a 1 year low of $26.01 and a 1 year high of $36.53. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $31.66 billion, a price-to-earnings 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 posted its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates 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%. Kraft Heinz's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. Analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company 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 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.

Wall Street Analyst Weigh In

KHC has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Barclays cut 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. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective 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, DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Friday, May 9th. Four equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.53.

Kraft Heinz Profile

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.