Fairfax Financial Holdings Ltd. Can Purchases 2,564,000 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Fairfax Financial Holdings Ltd. Can increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 341.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,314,000 shares of the company's stock after acquiring an additional 2,564,000 shares during the period. Kraft Heinz makes up approximately 6.5% of Fairfax Financial Holdings Ltd. Can's holdings, making the stock its 6th largest holding. Fairfax Financial Holdings Ltd. Can owned about 0.27% of Kraft Heinz worth $101,773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New York Life Investment Management LLC grew its stake in Kraft Heinz by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after buying an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after buying an additional 370 shares during the last quarter. Winch Advisory Services LLC grew its stake in Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock worth $70,000 after buying an additional 380 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Kraft Heinz by 3.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company's stock worth $427,000 after buying an additional 408 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group cut their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Citigroup restated a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Finally, StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.65.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded down $0.41 during mid-day trading on Friday, reaching $28.08. 6,661,098 shares of the company were exchanged, compared to its average volume of 9,137,872. The company's 50-day simple moving average is $29.61 and its 200-day simple moving average is $30.38. 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 $33.23 billion, a P/E ratio of 12.42, a P/E/G ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $36.70.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business's revenue was down 6.4% on a year-over-year basis. As a group, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.70%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is currently 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.