Deutsche Bank AG Purchases 482,300 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Deutsche Bank AG lifted its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,205,325 shares of the company's stock after purchasing an additional 482,300 shares during the quarter. Deutsche Bank AG owned 0.43% of Kraft Heinz worth $159,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after acquiring an additional 14,996,486 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kraft Heinz by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock valued at $604,644,000 after buying an additional 595,406 shares during the last quarter. Norges Bank acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at about $324,857,000. Northern Trust Corp lifted its holdings in shares of Kraft Heinz by 12.6% during the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after buying an additional 1,039,885 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Kraft Heinz by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,525,110 shares of the company's stock valued at $200,369,000 after buying an additional 174,706 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KHC. Stifel Nicolaus reduced their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Piper Sandler cut their price objective on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley initiated coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective on the stock. Finally, Sanford C. Bernstein downgraded Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $30.65.

Kraft Heinz Stock Performance

NASDAQ KHC traded up $0.08 during trading on Monday, hitting $28.15. The company's stock had a trading volume of 16,318,384 shares, compared to its average volume of 9,166,607. 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 firm has a 50 day moving average price of $29.56 and a 200 day moving average price of $30.34. The firm has a market cap of $33.32 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $36.70.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's dividend payout ratio is presently 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.