Federated Hermes Inc. Has $238,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Federated Hermes Inc. boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 84.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,428 shares of the company’s stock after buying an additional 2,945 shares during the period. Federated Hermes Inc.’s holdings in Kraft Heinz were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KHC. Invesco Ltd. increased its stake in shares of Kraft Heinz by 10.7% in the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock worth $827,581,000 after acquiring an additional 2,369,080 shares during the last quarter. AQR Capital Management LLC increased its position in Kraft Heinz by 86.0% in the 3rd quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company’s stock worth $155,671,000 after purchasing an additional 2,140,153 shares during the last quarter. LSV Asset Management increased its position in Kraft Heinz by 27.1% in the 3rd quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock worth $311,621,000 after purchasing an additional 1,977,571 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Kraft Heinz by 3,167.3% during the 3rd quarter. Nordea Investment Management AB now owns 1,869,778 shares of the company’s stock worth $63,198,000 after purchasing an additional 1,812,551 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Kraft Heinz by 7.2% during the 3rd quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock valued at $423,216,000 after buying an additional 850,326 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $36.35 on Monday. The company has a market cap of $44.14 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.89 and a beta of 0.65. The business has a 50 day moving average price of $36.35 and a 200 day moving average price of $35.81. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.44.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the prior year, the business earned $0.68 earnings per share. Kraft Heinz’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 annualized dividend and a yield of 4.40%. Kraft Heinz’s dividend payout ratio is 69.87%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KHC shares. Wells Fargo & Company dropped their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Bank of America increased their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Citigroup began coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Kraft Heinz has an average rating of “Hold” and a consensus price target of $39.50.

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.