GAM Holding AG acquired a new stake in Kraft Heinz Co (NASDAQ:KHC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 22,657 shares of the company’s stock, valued at approximately $975,000.
Several other large investors also recently bought and sold shares of KHC. Oregon Public Employees Retirement Fund lifted its stake in shares of Kraft Heinz by 6,999.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock valued at $244,000 after purchasing an additional 10,352,489 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after purchasing an additional 1,123,288 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after purchasing an additional 1,123,288 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Kraft Heinz by 35.5% in the 3rd quarter. Mackenzie Financial Corp now owns 3,876,518 shares of the company’s stock valued at $213,635,000 after purchasing an additional 1,016,147 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Kraft Heinz by 2.8% in the 4th quarter. BlackRock Inc. now owns 37,036,208 shares of the company’s stock valued at $1,594,037,000 after purchasing an additional 999,937 shares during the last quarter. 62.30% of the stock is owned by institutional investors and hedge funds.
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Several equities research analysts have recently issued reports on the company. Societe Generale raised Kraft Heinz from a “sell” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $34.00 in a research note on Friday. Argus lowered Kraft Heinz from a “buy” rating to a “hold” rating and set a $34.35 price objective for the company. in a research note on Tuesday. BMO Capital Markets lowered their price objective on Kraft Heinz from $61.00 to $40.00 and set a “market perform” rating for the company in a research note on Monday, February 25th. Sanford C. Bernstein downgraded Kraft Heinz from an “outperform” rating to a “market perform” rating and set a $34.60 price target on the stock. in a report on Monday, February 25th. Finally, Bank of America downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a report on Friday, February 22nd. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Kraft Heinz presently has an average rating of “Hold” and a consensus target price of $46.59.
Shares of NASDAQ KHC opened at $32.40 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. Kraft Heinz Co has a fifty-two week low of $31.82 and a fifty-two week high of $67.95. The company has a market capitalization of $42.62 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.52% and a negative net margin of 38.95%. The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Kraft Heinz Co will post 3.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.94%. Kraft Heinz’s payout ratio is currently 70.82%.
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About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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