Siemens Fonds Invest GmbH Buys 41,163 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Siemens Fonds Invest GmbH grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 192.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,499 shares of the company's stock after purchasing an additional 41,163 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Kraft Heinz were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of KHC. Vanguard Group Inc. grew its position in Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after purchasing an additional 14,996,486 shares during the last quarter. Norges Bank bought a new position in Kraft Heinz during the 4th quarter valued at about $324,857,000. Southeastern Asset Management Inc. TN bought a new position in Kraft Heinz during the 4th quarter valued at about $87,080,000. Fairfax Financial Holdings Ltd. Can lifted its holdings in Kraft Heinz by 341.9% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after purchasing an additional 2,564,000 shares during the last quarter. Finally, Criteria Caixa S.A.U. bought a new position in Kraft Heinz during the 4th quarter valued at about $73,316,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Up 0.1%

KHC traded up $0.02 during trading hours on Tuesday, hitting $27.90. 9,482,936 shares of the company's stock were exchanged, compared to its average volume of 9,267,916. The Kraft Heinz Company has a 1-year low of $27.14 and a 1-year high of $36.53. The stock's 50-day moving average is $29.17 and its two-hundred day moving average is $30.11. The stock has a market cap of $33.02 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 3.39 and a beta of 0.30. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given 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 dividend payout ratio (DPR) is currently 73.06%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and cut their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. Barclays cut their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $30.65.

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.