National Bank of Canada FI Grows Position in The Kraft Heinz Company (NASDAQ:KHC)

National Bank of Canada FI grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 44.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,269,696 shares of the company's stock after buying an additional 389,330 shares during the period. National Bank of Canada FI owned 0.10% of Kraft Heinz worth $48,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KHC. OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the third quarter worth $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in Kraft Heinz in the fourth quarter worth about $32,000. BKM Wealth Management LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth approximately $33,000. Headinvest LLC purchased a new stake in shares of Kraft Heinz during the third quarter valued at approximately $38,000. Finally, VisionPoint Advisory Group LLC increased its position in shares of Kraft Heinz by 326.1% during the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company's stock valued at $41,000 after acquiring an additional 936 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded down $0.61 during mid-day trading on Monday, reaching $35.74. 8,569,448 shares of the company traded hands, compared to its average volume of 8,149,845. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.33. The firm has a market cap of $43.40 billion, a PE ratio of 15.61, a PEG ratio of 2.91 and a beta of 0.65. The company's 50 day moving average price is $36.35 and its 200-day moving average price is $35.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. The firm had revenue of $6.41 billion during the quarter, compared to analysts' expectations of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 earnings per share. On average, equities analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, June 6th. Kraft Heinz's dividend payout ratio (DPR) is 69.87%.

Analysts Set New Price Targets

KHC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, April 18th. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, April 15th. Citigroup started coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a "buy" rating and a $43.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Kraft Heinz has an average rating of "Hold" and an average target price of $39.50.

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.