The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,123 shares of the company’s stock after acquiring an additional 4,926 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Kraft Heinz were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Kraft Heinz by 1,835.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock worth $794,964,000 after buying an additional 18,518,584 shares during the period. Capital World Investors boosted its position in shares of Kraft Heinz by 96.5% during the first quarter. Capital World Investors now owns 13,312,000 shares of the company’s stock worth $524,360,000 after buying an additional 6,537,000 shares during the period. Norges Bank acquired a new position in shares of Kraft Heinz during the fourth quarter worth approximately $252,224,000. Invesco Ltd. boosted its position in shares of Kraft Heinz by 10.7% during the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock worth $827,581,000 after buying an additional 2,369,080 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Kraft Heinz by 86.0% during the third quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company’s stock worth $155,671,000 after buying an additional 2,140,153 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 1.0 %

Shares of Kraft Heinz stock traded up $0.36 on Tuesday, hitting $36.67. 5,414,758 shares of the company traded hands, compared to its average volume of 8,121,917. The company has a 50-day moving average price of $35.86 and a 200 day moving average price of $35.30. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47. The company has a market cap of $44.58 billion, a PE ratio of 15.83, a PEG ratio of 2.84 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the company posted $0.85 EPS. Kraft Heinz’s revenue was down 7.1% on a year-over-year basis. Sell-side analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is presently 69.26%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Bank of America boosted their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday. Citigroup began coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average price target of $40.71.

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.