AG2R LA Mondiale Gestion D Actifs Boosts Stake in Kraft Heinz Company $KHC

AG2R LA Mondiale Gestion D Actifs increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 9.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 41,291 shares of the company’s stock after purchasing an additional 3,656 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Kraft Heinz were worth $1,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KHC. Vanguard Group Inc. boosted its position in shares of Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares during the period. Pacer Advisors Inc. lifted its holdings in Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after buying an additional 7,278,295 shares in the last quarter. Nuveen LLC acquired a new stake in Kraft Heinz during the 1st quarter worth approximately $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kraft Heinz by 22.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock worth $318,933,000 after buying an additional 1,895,722 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Kraft Heinz by 24.1% during the 1st quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after buying an additional 1,255,022 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.25 on Monday. The company’s fifty day moving average price is $26.33 and its 200 day moving average price is $27.11. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $35.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a market capitalization of $29.89 billion, a P/E ratio of -5.62, a P/E/G ratio of 2.96 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company had revenue of $6.39 billion for the quarter. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently -35.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KHC shares. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Jefferies Financial Group reduced their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Morgan Stanley reduced their price objective on shares of Kraft Heinz from $29.00 to $28.00 in a report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $28.65.

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.