The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 359.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,408 shares of the company’s stock after purchasing an additional 29,274 shares during the period. UniSuper Management Pty Ltd’s holdings in Kraft Heinz were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kraft Heinz by 346.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock valued at $57,799,000 after acquiring an additional 1,179,863 shares during the period. Nordea Investment Management AB lifted its position in shares of Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock valued at $104,929,000 after acquiring an additional 1,027,636 shares during the period. Bank of Nova Scotia lifted its position in shares of Kraft Heinz by 165.6% during the 4th quarter. Bank of Nova Scotia now owns 1,039,812 shares of the company’s stock valued at $38,450,000 after acquiring an additional 648,365 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $19,969,000. Finally, Pacer Advisors Inc. lifted its position in shares of Kraft Heinz by 405.0% during the 4th quarter. Pacer Advisors Inc. now owns 609,693 shares of the company’s stock valued at $22,546,000 after acquiring an additional 488,958 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity

In other news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now directly owns 158,266 shares of the company’s stock, valued at approximately $5,689,662.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KHC shares. Barclays reduced their price target on shares of Kraft Heinz from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday. Piper Sandler reduced their price target on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Bank of America cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Citigroup cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.83.

Kraft Heinz Trading Down 0.1 %

KHC stock traded down $0.02 during midday trading on Tuesday, hitting $32.80. The stock had a trading volume of 5,611,994 shares, compared to its average volume of 7,903,919. The firm has a market cap of $39.83 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.99 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The company’s 50-day moving average price is $33.62 and its 200 day moving average price is $35.49.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. Kraft Heinz’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. On average, equities research analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 6th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.88%. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Kraft Heinz 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.