The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,508,763 shares of the company’s stock after acquiring an additional 14,996,486 shares during the quarter. Vanguard Group Inc. owned approximately 7.49% of Kraft Heinz worth $2,779,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in KHC. Sawyer & Company Inc acquired a new stake in Kraft Heinz during the fourth quarter worth about $25,000. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $26,000. Larson Financial Group LLC boosted its position in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares during the period. R Squared Ltd bought a new position in Kraft Heinz during the 4th quarter worth $34,000. Finally, OFI Invest Asset Management acquired a new stake in Kraft Heinz in the fourth quarter worth $36,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of Kraft Heinz in a report on Monday. They set an “underweight” rating and a $29.00 price target for the company. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Evercore ISI reissued an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Finally, Citigroup downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.73.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $29.10 on Wednesday. The firm has a 50-day moving average of $29.93 and a two-hundred day moving average of $31.80. The company has a market capitalization of $34.77 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 3.39 and a beta of 0.40. 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 Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

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.