Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires 6,000 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 37,622 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Kraft Heinz were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in Kraft Heinz by 143.4% during the 3rd quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock valued at $8,620,000 after buying an additional 144,646 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Kraft Heinz by 3.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 74,455 shares of the company’s stock valued at $2,614,000 after purchasing an additional 2,634 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Kraft Heinz in the 3rd quarter valued at $220,000. Nisa Investment Advisors LLC grew its stake in Kraft Heinz by 42.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 222,223 shares of the company’s stock worth $7,802,000 after buying an additional 66,534 shares during the last quarter. Finally, abrdn plc grew its stake in Kraft Heinz by 6.1% during the 3rd quarter. abrdn plc now owns 356,918 shares of the company’s stock worth $12,512,000 after buying an additional 20,596 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.1 %

NASDAQ:KHC opened at $30.65 on Friday. The business’s 50-day moving average is $29.77 and its two-hundred day moving average is $32.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The firm has a market capitalization of $36.63 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.22%. Kraft Heinz’s payout ratio is currently 70.80%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI reissued an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Jefferies Financial Group cut their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group reduced their price objective on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus reduced their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com cut Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Company 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.