QSM Asset Management Ltd Has $8.66 Million Stock Position in Kraft Heinz Company (NASDAQ:KHC)

QSM Asset Management Ltd raised its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 20.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,946 shares of the company’s stock after purchasing an additional 47,200 shares during the period. Kraft Heinz accounts for 6.5% of QSM Asset Management Ltd’s portfolio, making the stock its 5th largest position. QSM Asset Management Ltd’s holdings in Kraft Heinz were worth $8,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hara Capital LLC increased its holdings in shares of Kraft Heinz by 61.9% during the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock valued at $52,000 after acquiring an additional 650 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Kraft Heinz by 5.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after buying an additional 366 shares during the last quarter. New York Life Investment Management LLC grew its holdings 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 buying an additional 361 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Kraft Heinz by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 334,800 shares of the company’s stock valued at $10,282,000 after buying an additional 5,600 shares during the last quarter. Finally, Kovack Advisors Inc. grew its holdings in shares of Kraft Heinz by 16.8% during the fourth quarter. Kovack Advisors Inc. now owns 6,889 shares of the company’s stock valued at $212,000 after buying an additional 990 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KHC shares. The Goldman Sachs Group raised Kraft Heinz from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $25.00 to $27.00 in a report on Wednesday. Sanford C. Bernstein cut Kraft Heinz from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Citigroup reaffirmed a “sell” rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Stifel Nicolaus dropped their price objective on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Three research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.47.

Kraft Heinz Stock Down 0.7%

Shares of KHC stock opened at $25.61 on Friday. The company has a market capitalization of $30.31 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 3.02 and a beta of 0.27. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The company’s fifty day moving average price is $27.30 and its 200-day moving average price is $29.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. Sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.25%. Kraft Heinz’s payout ratio is 73.06%.

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.