Vanguard Group Inc. boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,508,763 shares of the company's stock after buying an additional 14,996,486 shares during the quarter. Vanguard Group Inc. owned approximately 7.49% of Kraft Heinz worth $2,779,524,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in shares of Kraft Heinz by 8.3% during the 4th quarter. LPL Financial LLC now owns 655,747 shares of the company's stock valued at $20,138,000 after acquiring an additional 50,040 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Kraft Heinz during the fourth quarter valued at about $9,755,000. American Century Companies Inc. grew its holdings in shares of Kraft Heinz by 29.0% during the fourth quarter. American Century Companies Inc. now owns 922,109 shares of the company's stock worth $28,318,000 after purchasing an additional 207,516 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of Kraft Heinz by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 83,660 shares of the company's stock valued at $2,569,000 after buying an additional 26,426 shares during the period. Finally, Virtu Financial LLC bought a new position in Kraft Heinz in the 4th quarter valued at approximately $6,134,000. Institutional investors own 78.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on KHC. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased 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. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Citigroup cut Kraft Heinz from a "buy" rating to a "neutral" rating and decreased their price target for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Finally, TD Cowen cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $30.73.
Get Our Latest Stock Report on Kraft Heinz
Kraft Heinz Price Performance
KHC traded up $0.17 during trading on Friday, reaching $30.24. The stock had a trading volume of 8,252,439 shares, compared to its average volume of 8,783,454. The business has a 50-day moving average of $29.99 and a 200-day moving average of $31.71. 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 quick ratio of 0.59 and a current ratio of 1.06. The stock has a market cap of $36.14 billion, a PE ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. As a group, equities research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.
About Kraft Heinz
(
Free Report)
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.
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