Hsbc Holdings PLC Purchases 293,395 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Hsbc Holdings PLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,239,627 shares of the company's stock after buying an additional 293,395 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of Kraft Heinz worth $68,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KHC. New York Life Investment Management LLC raised its position in Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock valued at $3,995,000 after purchasing an additional 361 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after purchasing an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock valued at $1,097,000 after buying an additional 370 shares in the last quarter. Winch Advisory Services LLC lifted its position in Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock worth $70,000 after buying an additional 380 shares during the last quarter. Finally, Cohen Investment Advisors LLC boosted its stake in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock worth $315,000 after buying an additional 487 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley started coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective for the company. Piper Sandler lowered their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Citigroup restated a "sell" rating and set a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Evercore ISI reissued an "in-line" rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. Four investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $30.69.

Kraft Heinz Trading Down 0.5 %

KHC stock traded down $0.15 during trading on Friday, reaching $29.49. The company had a trading volume of 8,152,654 shares, compared to its average volume of 9,091,858. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.72. The business has a 50 day moving average of $30.07 and a 200 day moving average of $30.90. The company has a market cap of $35.19 billion, a P/E ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend payout ratio is currently 70.80%.

About Kraft Heinz

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.