The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,123 shares of the company’s stock after buying an additional 4,926 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Kraft Heinz were worth $2,704,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC increased its holdings in Kraft Heinz by 18.0% in the fourth quarter. SVB Wealth LLC now owns 52,373 shares of the company’s stock valued at $1,937,000 after buying an additional 7,986 shares in the last quarter. LifePlan Financial LLC purchased a new position in Kraft Heinz in the fourth quarter valued at about $1,244,000. VELA Investment Management LLC increased its stake in shares of Kraft Heinz by 3.6% during the 4th quarter. VELA Investment Management LLC now owns 66,463 shares of the company’s stock worth $2,458,000 after purchasing an additional 2,334 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of Kraft Heinz by 273.3% during the 4th quarter. Sentry Investment Management LLC now owns 17,209 shares of the company’s stock worth $636,000 after purchasing an additional 12,599 shares in the last quarter. Finally, Cullen Investment Group LTD. purchased a new position in shares of Kraft Heinz during the 4th quarter worth approximately $225,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America lifted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Finally, Citigroup began coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.71.

Kraft Heinz Stock Performance

KHC traded up $0.36 on Tuesday, hitting $36.67. 5,414,758 shares of the company’s stock were exchanged, compared to its average volume of 8,121,917. The firm has a market cap of $44.58 billion, a PE ratio of 15.83, a P/E/G ratio of 2.84 and a beta of 0.67. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The stock has a fifty day moving average of $35.86 and a two-hundred day moving average of $35.30. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. Kraft Heinz’s quarterly revenue was down 7.1% on a year-over-year basis. On average, research analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

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.