Charles Schwab Investment Management Inc. Acquires 137,169 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Charles Schwab Investment Management Inc. lifted its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,577,285 shares of the company's stock after purchasing an additional 137,169 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.37% of Kraft Heinz worth $169,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KHC. Invesco Ltd. boosted its holdings in shares of Kraft Heinz by 10.7% in the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company's stock worth $827,581,000 after purchasing an additional 2,369,080 shares during the period. AQR Capital Management LLC lifted its stake in shares of Kraft Heinz by 86.0% during the 3rd quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company's stock worth $155,671,000 after acquiring an additional 2,140,153 shares during the last quarter. LSV Asset Management lifted its stake in shares of Kraft Heinz by 27.1% during the 3rd quarter. LSV Asset Management now owns 9,263,400 shares of the company's stock worth $311,621,000 after acquiring an additional 1,977,571 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Kraft Heinz by 3,167.3% during the 3rd quarter. Nordea Investment Management AB now owns 1,869,778 shares of the company's stock worth $63,198,000 after acquiring an additional 1,812,551 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Kraft Heinz by 7.2% during the 3rd quarter. Morgan Stanley now owns 12,580,726 shares of the company's stock worth $423,216,000 after acquiring an additional 850,326 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of KHC traded up $0.53 during mid-day trading on Friday, reaching $36.24. The company had a trading volume of 6,266,710 shares, compared to its average volume of 8,085,060. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $40.81. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $44.01 billion, a P/E ratio of 15.67, a PEG ratio of 2.91 and a beta of 0.65. The stock has a 50 day moving average of $36.36 and a two-hundred day moving average of $35.90.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.42%. Kraft Heinz's payout ratio is currently 69.87%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the transaction, the insider now owns 158,266 shares of the company's stock, valued at $5,689,662.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

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

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.