Vanguard Group Inc. Boosts Stake in The Kraft Heinz Company (NASDAQ:KHC)

Vanguard Group Inc. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,398,831 shares of the company’s stock after acquiring an additional 183,234 shares during the quarter. Vanguard Group Inc. owned 5.80% of Kraft Heinz worth $2,603,349,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Alamar Capital Management LLC boosted its stake in shares of Kraft Heinz by 3.3% during the 4th quarter. Alamar Capital Management LLC now owns 60,100 shares of the company’s stock worth $2,222,000 after acquiring an additional 1,895 shares in the last quarter. Wellington Management Group LLP lifted its stake in Kraft Heinz by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 680,122 shares of the company’s stock valued at $25,151,000 after buying an additional 34,389 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Kraft Heinz in the 4th quarter valued at about $38,000. Quintet Private Bank Europe S.A. lifted its stake in Kraft Heinz by 1.1% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 209,604 shares of the company’s stock valued at $7,751,000 after buying an additional 2,243 shares in the last quarter. Finally, Counterweight Ventures LLC purchased a new position in Kraft Heinz in the 4th quarter valued at about $504,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In related news, insider Lande Rashida La sold 10,140 shares of Kraft Heinz stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.95, for a total value of $364,533.00. Following the completion of the sale, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Kraft Heinz Stock Up 1.7 %

Shares of NASDAQ KHC opened at $32.92 on Tuesday. The company has a 50 day simple moving average of $35.93 and a 200-day simple moving average of $36.25. The company has a market capitalization of $39.97 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.61 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. On average, equities research analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.86%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KHC. Bank of America raised their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Piper Sandler raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 price target on the stock in a research note on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.08.

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.