Boston Partners decreased its position in The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 36.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,999 shares of the company’s stock after selling 46,042 shares during the period. Boston Partners’ holdings in Kraft Heinz were worth $2,804,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in shares of Kraft Heinz during the 1st quarter valued at $65,000. Acadian Asset Management LLC raised its holdings in shares of Kraft Heinz by 197.7% in the 1st quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock worth $90,000 after acquiring an additional 1,548 shares during the last quarter. Raymond James Trust N.A. lifted its position in Kraft Heinz by 4.0% in the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock valued at $624,000 after acquiring an additional 614 shares in the last quarter. Sei Investments Co. boosted its stake in Kraft Heinz by 208.7% during the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock valued at $4,679,000 after purchasing an additional 78,677 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Kraft Heinz during the 1st quarter worth approximately $293,000. Institutional investors and hedge funds own 75.39% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on KHC shares. Barclays cut their target price on Kraft Heinz from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 12th. Bank of America lowered their price target on Kraft Heinz from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. TD Cowen began coverage on Kraft Heinz in a research report on Wednesday, September 13th. They issued a “market perform” rating and a $35.00 price target for the company. Piper Sandler increased their price target on Kraft Heinz from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Mizuho decreased their price target on Kraft Heinz from $50.00 to $47.00 in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.50.
Kraft Heinz Price Performance
KHC opened at $33.79 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.00 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $41.44 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.44 and a beta of 0.69. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $42.80. The firm has a 50-day moving average price of $32.85 and a 200-day moving average price of $34.98.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its earnings results on Wednesday, November 1st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $6.57 billion during the quarter, compared to analyst estimates of $6.70 billion. Kraft Heinz had a return on equity of 7.63% and a net margin of 11.00%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. Equities analysts expect that The Kraft Heinz Company will post 2.96 EPS for the current year.
Kraft Heinz Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.60 annualized dividend and a yield of 4.74%. Kraft Heinz’s payout ratio is presently 66.12%.
Kraft Heinz Profile
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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