Advisors Management Group Inc. ADV bought a new stake in shares of Kraft Heinz Co (NASDAQ:KHC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 69,198 shares of the company’s stock, valued at approximately $2,259,000.
Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Kraft Heinz by 6,999.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock worth $244,000 after acquiring an additional 10,352,489 shares during the period. Norges Bank acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $355,973,000. American International Group Inc. raised its holdings in shares of Kraft Heinz by 31.0% in the 4th quarter. American International Group Inc. now owns 7,692,416 shares of the company’s stock worth $331,082,000 after buying an additional 1,821,732 shares in the last quarter. FMR LLC raised its holdings in shares of Kraft Heinz by 16.7% in the 4th quarter. FMR LLC now owns 10,146,066 shares of the company’s stock worth $436,686,000 after buying an additional 1,452,407 shares in the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after buying an additional 1,123,288 shares in the last quarter. Hedge funds and other institutional investors own 58.19% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Evercore ISI assumed coverage on Kraft Heinz in a report on Tuesday, June 11th. They issued an “in-line” rating and a $32.00 target price for the company. Piper Jaffray Companies raised Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 target price for the company in a report on Friday, May 31st. Credit Suisse Group reissued an “underperform” rating and issued a $26.00 target price (down from $33.00) on shares of Kraft Heinz in a report on Thursday, May 30th. BidaskClub cut Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, May 30th. Finally, UBS Group dropped their price target on Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.22.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.15%. Kraft Heinz’s payout ratio is 45.33%.
Kraft Heinz Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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