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

AustralianSuper Pty Ltd grew its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 115.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,070,318 shares of the company’s stock after buying an additional 572,649 shares during the quarter. AustralianSuper Pty Ltd owned 0.09% of Kraft Heinz worth $27,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 purchasing an additional 11,472,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 purchasing an additional 1,895,722 shares during the period. Bank of New York Mellon Corp lifted its position in Kraft Heinz by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock valued at $248,665,000 after purchasing an additional 103,548 shares during the period. Nordea Investment Management AB lifted its position in Kraft Heinz by 11.1% during the second quarter. Nordea Investment Management AB now owns 7,820,516 shares of the company’s stock valued at $201,300,000 after purchasing an additional 778,744 shares during the period. Finally, Pacer Advisors Inc. lifted its position 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 purchasing an additional 7,278,295 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $25.59 on Tuesday. The firm has a fifty day moving average price of $26.29 and a 200-day moving average price of $27.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market cap of $30.29 billion, a PE ratio of -5.70, a price-to-earnings-growth ratio of 2.96 and a beta of 0.16. Kraft Heinz Company has a 1 year low of $24.80 and a 1 year high of $35.17.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were paid a $0.40 dividend. 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 dividend payout ratio is -35.63%.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley lowered their price objective on shares of Kraft Heinz from $29.00 to $28.00 in a research report on Thursday, October 16th. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price target on the stock. Barclays decreased their price target on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, October 10th. Finally, DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $28.65.

About Kraft Heinz

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.