The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Natixis

Natixis boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 296,892 shares of the company's stock after buying an additional 59,679 shares during the period. Natixis' holdings in Kraft Heinz were worth $9,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KHC. Brookstone Capital Management raised its stake in shares of Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock worth $10,530,000 after purchasing an additional 238,913 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter worth $2,048,000. Nordea Investment Management AB lifted its stake in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the period. FLC Capital Advisors increased its stake in shares of Kraft Heinz by 121.0% during the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after acquiring an additional 10,214 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Kraft Heinz by 511.7% during the fourth quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after purchasing an additional 35,725 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KHC shares. Evercore ISI reiterated an "in-line" rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Citigroup reissued a "sell" rating and issued a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Finally, Morgan Stanley began coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.69.

Kraft Heinz Trading Down 0.5 %

Shares of NASDAQ:KHC traded down $0.15 during trading on Friday, reaching $29.49. The stock had a trading volume of 8,152,654 shares, compared to its average volume of 9,076,860. 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 stock has a market cap of $35.19 billion, a P/E ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44. The business has a fifty day moving average price of $30.07 and a 200-day moving average price of $30.92. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.72.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.43%. Kraft Heinz's payout ratio is 70.80%.

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.