AustralianSuper Pty Ltd Boosts Stock Holdings in Kraft Heinz Company $KHC

AustralianSuper Pty Ltd boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 115.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,070,318 shares of the company’s stock after acquiring an additional 572,649 shares during the period. AustralianSuper Pty Ltd’s holdings in Kraft Heinz were worth $27,636,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KHC. Vanguard Group Inc. grew its stake in Kraft Heinz by 12.7% during the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after acquiring an additional 11,472,071 shares in the last quarter. Pacer Advisors Inc. grew its stake in Kraft Heinz by 4,390.7% during the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after acquiring an additional 7,278,295 shares in the last quarter. Nuveen LLC purchased a new position in Kraft Heinz during the first quarter valued at $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kraft Heinz by 22.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock valued at $318,933,000 after acquiring an additional 1,895,722 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Kraft Heinz by 24.1% in the 1st quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after buying an additional 1,255,022 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

KHC stock opened at $25.59 on Tuesday. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $35.17. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $26.29 and a 200 day moving average price of $27.09. The stock has a market cap of $30.29 billion, a PE ratio of -5.70, a P/E/G ratio of 2.96 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.39 billion during the quarter. Equities research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is currently -35.63%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Barclays dropped their price target on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. Morgan Stanley dropped their price target on Kraft Heinz from $29.00 to $28.00 in a research report on Thursday, October 16th. Finally, Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $28.65.

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.