Vontobel Holding Ltd. Acquires 39,471 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Vontobel Holding Ltd. grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 435,102 shares of the company's stock after purchasing an additional 39,471 shares during the quarter. Vontobel Holding Ltd.'s holdings in Kraft Heinz were worth $13,362,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp grew its holdings in Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after buying an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kraft Heinz by 11.3% in the 3rd 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 Kraft Heinz in the 3rd quarter valued at $411,304,000. Nordea Investment Management AB grew its holdings in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $186,350,000 after buying an additional 545,504 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Analysts Set New Price Targets

KHC has been the subject of a number of recent analyst reports. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their target price for the company from $38.00 to $31.00 in a research report on Monday, February 10th. StockNews.com downgraded Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Friday. 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. Stifel Nicolaus cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Finally, TD Cowen dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $30.86.

Kraft Heinz Stock Performance

Kraft Heinz stock traded up $0.40 during mid-day trading on Tuesday, reaching $29.32. 11,629,787 shares of the company's stock were exchanged, compared to its average volume of 9,830,322. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business's fifty day simple moving average is $29.85 and its 200 day simple moving average is $32.67. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The firm has a market capitalization of $35.45 billion, a PE ratio of 26.41, a P/E/G ratio of 3.74 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. On average, sell-side analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced 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. This represents a $1.60 annualized dividend and a yield of 5.46%. The ex-dividend date is Friday, March 7th. Kraft Heinz's payout ratio is 144.14%.

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.