The Manufacturers Life Insurance Company raised its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689,783 shares of the company’s stock after buying an additional 82,711 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Kraft Heinz worth $17,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Horizon Bancorp Inc. IN bought a new position in Kraft Heinz during the fourth quarter valued at about $29,000. Archer Investment Corp bought a new position in shares of Kraft Heinz in the fourth quarter worth about $30,000. Harwood Advisory Group LLC bought a new position in shares of Kraft Heinz in the first quarter worth about $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Kraft Heinz by 323.5% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,080 shares of the company’s stock worth $27,000 after purchasing an additional 825 shares during the period. Finally, Altshuler Shaham Ltd bought a new position in shares of Kraft Heinz in the fourth quarter worth about $38,000. Institutional investors own 57.78% of the company’s stock.

NASDAQ:KHC opened at $31.64 on Tuesday. Kraft Heinz Co has a 1 year low of $19.99 and a 1 year high of $34.00. The firm has a 50 day moving average of $31.18 and a 200-day moving average of $29.09. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $37.75 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Kraft Heinz had a net margin of 7.58% and a return on equity of 6.54%. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Kraft Heinz’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Kraft Heinz Co will post 2.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Thursday, May 28th. Kraft Heinz’s dividend payout ratio (DPR) is currently 56.14%.

A number of equities analysts have recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $27.00 price objective on shares of Kraft Heinz in a research note on Tuesday, April 7th. Goldman Sachs Group downgraded Kraft Heinz from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $32.00 to $30.00 in a research report on Monday, June 22nd. Credit Suisse Group lifted their target price on Kraft Heinz from $26.00 to $29.00 and gave the stock an “underperform” rating in a research report on Friday, May 1st. BidaskClub raised Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. lifted their target price on Kraft Heinz from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $30.61.

Kraft Heinz Company 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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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