Robeco Institutional Asset Management B.V. Has $73.61 Million Stock Position in Kraft Heinz Company $KHC

Robeco Institutional Asset Management B.V. grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 97.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,826,723 shares of the company’s stock after acquiring an additional 1,392,904 shares during the period. Robeco Institutional Asset Management B.V. owned 0.24% of Kraft Heinz worth $73,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Rakuten Securities Inc. raised its position in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Cape Investment Advisory Inc. boosted its position in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after buying an additional 807 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at $39,000. Hilltop National Bank acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at $41,000. Finally, Albion Financial Group UT bought a new stake in shares of Kraft Heinz during the third quarter worth $43,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 1.1%

Shares of NASDAQ KHC opened at $23.51 on Wednesday. Kraft Heinz Company has a 52-week low of $23.46 and a 52-week high of $33.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. The stock has a market cap of $27.83 billion, a P/E ratio of -6.30 and a beta of 0.09. The firm has a 50 day moving average price of $24.56 and a 200 day moving average price of $25.96.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The company had revenue of $6.39 billion for the quarter. Analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, November 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Friday, November 28th. Kraft Heinz’s payout ratio is presently -42.90%.

Insider Activity

In other news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays lowered their price objective on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. UBS Group lowered their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $30.00 to $27.00 in a research note on Thursday, October 30th. Evercore ISI reduced their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Finally, Morgan Stanley dropped their target price on shares of Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $26.63.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.