Skandinaviska Enskilda Banken AB publ Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Skandinaviska Enskilda Banken AB publ grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 95.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,932 shares of the company's stock after purchasing an additional 168,734 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Kraft Heinz were worth $10,496,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KHC. Atria Investments Inc lifted its stake in Kraft Heinz by 36.3% during the third quarter. Atria Investments Inc now owns 41,959 shares of the company's stock worth $1,473,000 after purchasing an additional 11,185 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Kraft Heinz during the third quarter worth $27,000. Venturi Wealth Management LLC increased its position in shares of Kraft Heinz by 43.5% during the third quarter. Venturi Wealth Management LLC now owns 2,948 shares of the company's stock worth $104,000 after acquiring an additional 894 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Kraft Heinz by 4.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 17,185 shares of the company's stock worth $603,000 after acquiring an additional 767 shares during the period. Finally, Pinnacle Financial Partners Inc increased its position in shares of Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock worth $336,000 after acquiring an additional 381 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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Kraft Heinz Price Performance

Shares of KHC stock traded down $0.50 during midday trading on Wednesday, reaching $29.89. 14,541,703 shares of the company traded hands, compared to its average volume of 8,403,396. The firm's 50 day simple moving average is $29.89 and its two-hundred day simple moving average is $32.03. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-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. The firm has a market cap of $35.72 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.35%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Wall Street Analyst Weigh In

KHC has been the topic of several recent analyst reports. TD Cowen dropped their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.86.

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.