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

Disciplined Equity Management Inc. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 24.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,390 shares of the company’s stock after purchasing an additional 6,890 shares during the quarter. Kraft Heinz accounts for 0.7% of Disciplined Equity Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Disciplined Equity Management Inc.’s holdings in Kraft Heinz were worth $1,077,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

KHC has been the subject of several analyst reports. Cfra Research lowered Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Barclays lowered their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. DZ Bank downgraded Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Friday, May 9th. Morgan Stanley assumed coverage on Kraft Heinz in a research report on Monday, March 24th. They set an “underweight” rating and a $29.00 price target for the company. Finally, The Goldman Sachs Group lowered their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.53.

Kraft Heinz Trading Up 0.4%

Shares of KHC opened at $26.73 on Friday. The company has a market capitalization of $31.64 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.39 and a beta of 0.27. The Kraft Heinz Company has a one year low of $26.01 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a 50-day moving average price of $28.26 and a 200 day moving average price of $29.59.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Kraft Heinz’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. Sell-side 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. Investors of record on Friday, May 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a 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 Company 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.