DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Grows Position in The Kraft Heinz Company (NASDAQ:KHC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 656,723 shares of the company’s stock after buying an additional 2,986 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.05% of Kraft Heinz worth $20,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its stake in shares of Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock valued at $3,995,000 after acquiring an additional 361 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after buying an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Kraft Heinz by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company’s stock worth $1,097,000 after buying an additional 370 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after buying an additional 380 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Kraft Heinz by 3.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company’s stock valued at $427,000 after acquiring an additional 408 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

NASDAQ KHC opened at $28.49 on Friday. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $36.70. The stock has a 50-day moving average of $29.67 and a 200 day moving average of $30.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market capitalization of $33.72 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, sell-side analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.62%. Kraft Heinz’s dividend payout ratio (DPR) is currently 73.06%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group decreased their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Barclays cut their price objective on 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. The Goldman Sachs Group decreased their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Four equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.63.

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.