The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 24.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 35,390 shares of the company’s stock after purchasing an additional 6,890 shares during the quarter. Kraft Heinz comprises about 0.7% of Disciplined Equity Management Inc.’s investment portfolio, making the stock its 20th largest position. Disciplined Equity Management Inc.’s holdings in Kraft Heinz were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Kraft Heinz by 19.9% during the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock valued at $2,779,524,000 after buying an additional 14,996,486 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kraft Heinz by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company’s stock worth $604,644,000 after purchasing an additional 595,406 shares during the period. Norges Bank acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $324,857,000. Northern Trust Corp raised its position in shares of Kraft Heinz by 12.6% during the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company’s stock worth $285,286,000 after purchasing an additional 1,039,885 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kraft Heinz by 23.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company’s stock worth $263,650,000 after purchasing an additional 1,628,516 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a report on Wednesday, May 28th. DZ Bank lowered Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Friday, May 9th. Wall Street Zen raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Sanford C. Bernstein lowered Kraft Heinz from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their price target on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.53.

Kraft Heinz Price Performance

KHC opened at $26.73 on Friday. The stock has a fifty day moving average of $28.26 and a 200-day moving average of $29.59. The firm has a market capitalization of $31.64 billion, a P/E ratio of 11.83, a PEG ratio of 3.39 and a beta of 0.27. The Kraft Heinz Company has a 12-month low of $26.01 and a 12-month high of $36.53. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Kraft Heinz’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz’s dividend payout ratio is currently 73.06%.

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.