The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,239,627 shares of the company's stock after buying an additional 293,395 shares during the quarter. Hsbc Holdings PLC owned approximately 0.19% of Kraft Heinz worth $68,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 purchasing an additional 14,996,486 shares in the last quarter. Norges Bank acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $324,857,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Kraft Heinz by 96.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after acquiring an additional 1,403,220 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $39,339,000. Finally, Nordea Investment Management AB lifted its stake in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after purchasing an additional 1,238,200 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

NASDAQ:KHC traded up $0.17 during mid-day trading on Wednesday, reaching $29.04. 2,415,917 shares of the stock were exchanged, compared to its average volume of 9,131,644. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.72. 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 firm has a market capitalization of $34.66 billion, a PE ratio of 12.84, a PEG ratio of 3.39 and a beta of 0.44. The business has a fifty day moving average price of $30.02 and a 200 day moving average price of $30.81.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its 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. The business 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 quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 5.51%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. TD Cowen lowered their price objective on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price 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. Four investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $30.69.

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.