Quantinno Capital Management LP Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Quantinno Capital Management LP raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 73.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,095 shares of the company's stock after acquiring an additional 114,943 shares during the period. Quantinno Capital Management LP's holdings in Kraft Heinz were worth $8,356,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz during the fourth quarter valued at about $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz during the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $36,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

NASDAQ:KHC traded up $0.02 during midday trading on Tuesday, hitting $27.90. The company had a trading volume of 9,337,678 shares, compared to its average volume of 10,708,688. The stock's fifty day moving average price is $29.17 and its 200-day moving average price is $30.11. The Kraft Heinz Company has a 52-week low of $27.14 and a 52-week high of $36.53. 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 company has a market capitalization of $33.02 billion, a PE ratio of 12.35, a P/E/G ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm 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 company's revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KHC shares. Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Jefferies Financial Group reduced their price target on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, January 29th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Morgan Stanley began coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price for the company. Finally, Stifel Nicolaus decreased their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and an average target price of $30.65.

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.