ProShare Advisors LLC Boosts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

ProShare Advisors LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,515,039 shares of the company's stock after acquiring an additional 251,331 shares during the period. ProShare Advisors LLC owned 0.13% of Kraft Heinz worth $46,527,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KHC. Headlands Technologies LLC purchased a new position in Kraft Heinz in the fourth quarter worth $2,048,000. FLC Capital Advisors lifted its position in Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after buying an additional 10,214 shares during the last quarter. SG Americas Securities LLC boosted its stake in Kraft Heinz by 511.7% in the fourth quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after buying an additional 35,725 shares in the last quarter. 1834 Investment Advisors Co. purchased a new position in shares of Kraft Heinz during the fourth quarter worth approximately $470,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Kraft Heinz by 124.0% in the 4th quarter. Sound Income Strategies LLC now owns 275,675 shares of the company's stock worth $8,466,000 after acquiring an additional 152,584 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on KHC shares. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Jefferies Financial Group cut their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Bank of America lowered shares of 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 report on Thursday, February 13th. Finally, Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Four investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.65.

Kraft Heinz Stock Up 0.1%

Kraft Heinz stock traded up $0.02 during trading hours on Tuesday, hitting $27.90. 9,337,678 shares of the stock traded hands, compared to its average volume of 10,708,688. The Kraft Heinz Company has a one year low of $27.14 and a one year high of $36.53. The firm's 50-day moving average price is $29.17 and its two-hundred day moving average price is $30.11. 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 company has a market cap of $33.02 billion, a PE ratio of 12.35, a PEG ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The firm's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's payout ratio is currently 73.06%.

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.