Harvest Fund Management Co. Ltd Buys 15,469 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Harvest Fund Management Co. Ltd grew its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 27.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,163 shares of the company's stock after acquiring an additional 15,469 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Kraft Heinz were worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company's stock worth $186,350,000 after acquiring an additional 545,504 shares during the period. Brookstone Capital Management raised its stake in shares of Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after purchasing an additional 238,913 shares in the last quarter. Toronto Dominion Bank lifted its position in Kraft Heinz by 12.6% in the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock worth $17,132,000 after purchasing an additional 54,656 shares during the period. Nordea Investment Management AB boosted its stake in 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 buying an additional 1,238,200 shares in the last quarter. Finally, FLC Capital Advisors increased its holdings in Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock valued at $573,000 after buying an additional 10,214 shares during the period. Institutional investors own 78.17% of the company's stock.

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Kraft Heinz Price Performance

KHC stock traded down $0.40 during midday trading on Monday, reaching $29.12. 13,802,029 shares of the stock were exchanged, compared to its average volume of 8,505,449. The company has a fifty day moving average price of $29.92 and a 200 day moving average price of $31.90. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a market capitalization of $34.80 billion, a PE ratio of 12.89, a P/E/G ratio of 3.39 and a beta of 0.40. 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 quarterly earnings data 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%. As a group, analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given 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 5.49%. Kraft Heinz's payout ratio is currently 70.80%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KHC shares. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $38.00 to $31.00 in a research report on Monday, February 10th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $30.73.

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.