Wellington Management Group LLP Raises Stake in The Kraft Heinz Company (NASDAQ:KHC)

Wellington Management Group LLP raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,864 shares of the company's stock after acquiring an additional 50,211 shares during the quarter. Wellington Management Group LLP's holdings in Kraft Heinz were worth $5,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the last quarter. Norges Bank purchased a new stake in shares of Kraft Heinz in the 4th quarter worth $324,857,000. Geode Capital Management LLC lifted its position in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after purchasing an additional 1,944,019 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in Kraft Heinz by 96.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after buying an additional 1,403,220 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Kraft Heinz in the fourth quarter worth about $39,339,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Down 0.4 %

NASDAQ KHC traded down $0.13 during midday trading on Wednesday, hitting $29.29. 1,202,162 shares of the company traded hands, compared to its average volume of 9,016,587. The company has a market cap of $34.95 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. 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 $38.96. The company's 50-day simple moving average is $29.98 and its 200-day simple moving average is $31.18.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results 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 net margin of 10.62% and a return on equity of 7.58%. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Analysts Set New Price Targets

KHC has been the subject of several analyst reports. Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. UBS Group dropped their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. TD Cowen decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus reduced their price target 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. Finally, The Goldman Sachs Group decreased their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $30.67.

Kraft Heinz Company 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.