Generali Asset Management SPA SGR Makes New Investment in The Kraft Heinz Company (NASDAQ:KHC)

Generali Asset Management SPA SGR bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,484 shares of the company's stock, valued at approximately $721,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Kraft Heinz by 16.7% in 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 lifted its stake in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $411,304,000. Nordea Investment Management AB increased its position in shares of Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after acquiring an additional 1,238,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kraft Heinz by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company's stock worth $172,016,000 after acquiring an additional 293,694 shares during the period. Institutional investors own 78.17% of the company's stock.

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Kraft Heinz Stock Performance

KHC stock traded down $0.02 during midday trading on Tuesday, reaching $29.10. 9,389,747 shares of the company were exchanged, compared to its average volume of 8,504,662. The firm has a market capitalization of $34.77 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The business has a 50-day moving average price of $29.92 and a two-hundred day moving average price of $31.85. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping 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%. Equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.50%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KHC shares. TD Cowen cut their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Bank of America cut Kraft Heinz from a "buy" rating to an "underperform" rating and cut their target price for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Mizuho cut 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 note on Monday, February 10th. The Goldman Sachs Group cut their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Finally, Morgan Stanley began coverage on shares of Kraft Heinz in a research report on Monday. They issued an "underweight" rating and a $29.00 target price for the company. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.73.

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.