Southeastern Asset Management Inc. TN Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

Southeastern Asset Management Inc. TN bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,835,548 shares of the company's stock, valued at approximately $87,080,000. Kraft Heinz comprises 4.1% of Southeastern Asset Management Inc. TN's holdings, making the stock its 10th largest holding. Southeastern Asset Management Inc. TN owned approximately 0.23% of Kraft Heinz as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised 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 valued at $2,779,524,000 after buying an additional 14,996,486 shares during the last quarter. Norges Bank acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $324,857,000. Fairfax Financial Holdings Ltd. Can raised its position in Kraft Heinz by 341.9% in 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 buying an additional 2,564,000 shares during the last quarter. Criteria Caixa S.A.U. acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $73,316,000. Finally, Thompson Siegel & Walmsley LLC raised its position in Kraft Heinz by 96.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after buying an additional 1,403,220 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KHC. Wells Fargo & Company dropped their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Bank of America lowered 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 report on Thursday, February 13th. Finally, DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.65.

Kraft Heinz Stock Performance

Shares of KHC stock traded up $0.14 during trading on Monday, reaching $27.88. 9,661,065 shares of the company's stock were exchanged, compared to its average volume of 9,252,656. 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 capitalization of $33.00 billion, a PE ratio of 12.34, a PEG ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a twelve month low of $27.14 and a twelve month high of $36.53. The firm's fifty day moving average price is $29.22 and its 200-day moving average price is $30.15.

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

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given 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 5.74%. Kraft Heinz's payout ratio is presently 73.06%.

Kraft Heinz 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.