Deutsche Bank AG decreased its position in The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,455,174 shares of the company's stock after selling 60,604 shares during the period. Deutsche Bank AG owned 0.12% of Kraft Heinz worth $55,500,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Centaurus Financial Inc. boosted its holdings in Kraft Heinz by 41.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,809 shares of the company's stock worth $145,000 after buying an additional 1,113 shares during the period. Prudential PLC boosted its holdings in Kraft Heinz by 20.2% in the 1st quarter. Prudential PLC now owns 84,622 shares of the company's stock worth $3,333,000 after buying an additional 14,205 shares during the period. AIA Group Ltd boosted its holdings in Kraft Heinz by 45.0% in the 1st quarter. AIA Group Ltd now owns 16,705 shares of the company's stock worth $658,000 after buying an additional 5,187 shares during the period. Qube Research & Technologies Ltd bought a new position in Kraft Heinz in the 1st quarter worth approximately $4,067,000. Finally, Madison Asset Management LLC bought a new position in Kraft Heinz in the 1st quarter worth approximately $299,000. Hedge funds and other institutional investors own 67.03% of the company's stock.
Get Kraft Heinz alerts:Kraft Heinz Trading Up 1.4 %
NASDAQ:KHC opened at $38.96 on Wednesday. The Kraft Heinz Company has a one year low of $32.73 and a one year high of $44.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.90 and a quick ratio of 0.50. The company's 50-day simple moving average is $35.96 and its 200 day simple moving average is $37.41. The firm has a market capitalization of $47.72 billion, a P/E ratio of 39.76, a PEG ratio of 2.85 and a beta of 0.77.
Kraft Heinz (NASDAQ:KHC – Get Rating) last issued its earnings results on Wednesday, October 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.30 billion. Kraft Heinz had a net margin of 4.71% and a return on equity of 6.84%. As a group, analysts forecast that The Kraft Heinz Company will post 2.7 EPS for the current fiscal year.Kraft Heinz Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, November 25th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.60 annualized dividend and a dividend yield of 4.11%. Kraft Heinz's dividend payout ratio is presently 163.27%.
Analyst Upgrades and Downgrades
Several research analysts have commented on KHC shares. Stifel Nicolaus raised shares of Kraft Heinz from a "hold" rating to a "buy" rating and set a $43.00 price target for the company in a report on Thursday, July 28th. They noted that the move was a valuation call. StockNews.com began coverage on shares of Kraft Heinz in a report on Wednesday, October 12th. They set a "hold" rating for the company. BNP Paribas began coverage on shares of Kraft Heinz in a report on Tuesday, November 15th. They set a "neutral" rating and a $39.00 price objective for the company. The Goldman Sachs Group raised shares of Kraft Heinz from a "neutral" rating to a "buy" rating and set a $43.00 price objective for the company in a report on Sunday, October 9th. Finally, Exane BNP Paribas assumed coverage on shares of Kraft Heinz in a research report on Tuesday, November 15th. They issued a "neutral" rating and a $39.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $40.75.
Kraft Heinz Company Profile
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The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
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