CIBC Asset Management Inc Acquires 9,394 Shares of The Kraft Heinz Company (NASDAQ:KHC)

CIBC Asset Management Inc raised its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,180 shares of the company's stock after acquiring an additional 9,394 shares during the quarter. CIBC Asset Management Inc's holdings in Kraft Heinz were worth $11,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC bought a new position in Kraft Heinz during the 3rd quarter worth approximately $411,304,000. State Street Corp raised its holdings in Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock worth $1,558,898,000 after acquiring an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after purchasing an additional 1,944,019 shares during the period. Nordea Investment Management AB raised its stake in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Kraft Heinz by 1,139.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company's stock worth $39,112,000 after buying an additional 1,170,814 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Stock Up 3.2 %

NASDAQ:KHC traded up $0.97 during trading hours on Friday, reaching $31.13. The company had a trading volume of 14,695,925 shares, compared to its average volume of 10,055,061. 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 market cap of $37.20 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 3.34 and a beta of 0.47. The business's 50-day simple moving average is $29.74 and its two-hundred day simple moving average is $32.59. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.14%. Kraft Heinz's payout ratio is 70.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KHC shares. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Kraft Heinz from a "hold" rating to a "sell" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $30.86.

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.