XTX Topco Ltd Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

XTX Topco Ltd purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,777 shares of the company's stock, valued at approximately $1,252,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Vanguard Group Inc. lifted 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 in the last quarter. Norges Bank acquired a new position in shares of Kraft Heinz during the fourth quarter worth $324,857,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Kraft Heinz by 96.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after purchasing an additional 1,403,220 shares during the period. Raymond James Financial Inc. acquired a new stake in Kraft Heinz during the 4th quarter valued at $39,339,000. Finally, Nordea Investment Management AB increased its stake in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded up $0.65 on Friday, reaching $29.46. 7,777,910 shares of the company were exchanged, compared to its average volume of 9,060,284. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The firm has a market cap of $35.16 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company's 50-day moving average is $29.98 and its two-hundred day moving average is $31.04.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

KHC has been the subject of several recent analyst reports. Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus dropped their price objective on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Piper Sandler cut their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, UBS Group cut their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of "Hold" and an average price target of $30.67.

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.