Worldquant Millennium Advisors LLC Purchases 1,836,048 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Worldquant Millennium Advisors LLC grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1,830.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,936,367 shares of the company's stock after purchasing an additional 1,836,048 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.16% of Kraft Heinz worth $59,466,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KHC. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz during the 4th quarter valued at about $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz during the 4th quarter valued at approximately $29,000. R Squared Ltd bought a new position in Kraft Heinz during the 4th quarter valued at approximately $34,000. OFI Invest Asset Management bought a new position in Kraft Heinz during the 4th quarter valued at approximately $36,000. Finally, Kennondale Capital Management LLC bought a new position in Kraft Heinz during the 4th quarter valued at approximately $45,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Up 0.5%

KHC stock opened at $27.88 on Tuesday. The Kraft Heinz Company has a twelve month low of $27.14 and a twelve month high of $36.53. 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 firm has a market cap of $33.00 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The business has a 50 day moving average of $29.17 and a 200 day moving average of $30.11.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data 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. 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 company earned $0.69 EPS. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts forecast 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. Investors of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analyst Ratings Changes

KHC has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Piper Sandler lowered their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Morgan Stanley initiated coverage on Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target for the company. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price target for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Finally, Citigroup reaffirmed a "sell" rating and set a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $30.65.

Kraft Heinz Company 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.

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