Siemens Fonds Invest GmbH Acquires 41,163 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Siemens Fonds Invest GmbH boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 192.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,499 shares of the company’s stock after acquiring an additional 41,163 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Kraft Heinz were worth $1,871,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock worth $2,779,524,000 after purchasing an additional 14,996,486 shares during the period. Geode Capital Management LLC lifted its position in shares of Kraft Heinz by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company’s stock worth $604,644,000 after purchasing an additional 595,406 shares during the period. Norges Bank acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $324,857,000. Northern Trust Corp lifted its position in shares of Kraft Heinz by 12.6% in the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company’s stock worth $285,286,000 after purchasing an additional 1,039,885 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kraft Heinz by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,525,110 shares of the company’s stock worth $200,369,000 after purchasing an additional 174,706 shares during the period. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

KHC opened at $27.74 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $29.22 and its two-hundred day moving average price is $30.19. The Kraft Heinz Company has a 1-year low of $27.14 and a 1-year high of $36.53. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. On average, analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.77%. Kraft Heinz’s payout ratio is 73.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KHC. Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Barclays dropped their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Cfra Research downgraded shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Finally, DZ Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Friday, May 9th. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.65.

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.