UBS Asset Management Americas Inc. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.5% during the first quarter, Holdings Channel reports. The institutional investor owned 2,527,641 shares of the company’s stock after buying an additional 107,814 shares during the period. UBS Asset Management Americas Inc.’s holdings in The Kraft Heinz Company were worth $229,535,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of KHC. Norges Bank purchased a new stake in shares of The Kraft Heinz Company during the fourth quarter worth about $715,658,000. Vontobel Asset Management Inc. boosted its stake in shares of The Kraft Heinz Company by 171.3% in the first quarter. Vontobel Asset Management Inc. now owns 1,584,306 shares of the company’s stock worth $146,945,000 after buying an additional 1,000,336 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of The Kraft Heinz Company by 1,309.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,072,347 shares of the company’s stock worth $93,701,000 after buying an additional 996,242 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of The Kraft Heinz Company by 75.6% in the fourth quarter. Teachers Advisors LLC now owns 2,192,107 shares of the company’s stock worth $191,415,000 after buying an additional 943,468 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of The Kraft Heinz Company during the fourth quarter worth about $81,284,000. 62.61% of the stock is owned by institutional investors.

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

The Kraft Heinz Company (NASDAQ:KHC) opened at 89.41 on Monday. The stock has a market cap of $108.87 billion, a PE ratio of 31.82 and a beta of 0.42. The firm has a 50-day moving average price of $90.96 and a 200-day moving average price of $89.60. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77.

The Kraft Heinz Company (NASDAQ:KHC) last released its earnings results on Wednesday, May 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.01. The Kraft Heinz Company had a net margin of 13.12% and a return on equity of 7.25%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the business earned $0.73 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, May 17th. The Kraft Heinz Company’s payout ratio is presently 85.11%.

WARNING: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/06/19/the-kraft-heinz-company-khc-shares-bought-by-ubs-asset-management-americas-inc.html.

A number of brokerages have recently issued reports on KHC. Royal Bank Of Canada set a $96.00 target price on The Kraft Heinz Company and gave the stock a “buy” rating in a report on Saturday, June 3rd. Berenberg Bank began coverage on The Kraft Heinz Company in a report on Wednesday, June 7th. They set a “buy” rating and a $102.00 target price for the company. BMO Capital Markets reiterated a “hold” rating and set a $96.00 target price on shares of The Kraft Heinz Company in a report on Thursday. Susquehanna Bancshares Inc set a $99.00 target price on The Kraft Heinz Company and gave the stock a “hold” rating in a report on Tuesday, June 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 target price on shares of The Kraft Heinz Company in a report on Sunday, February 19th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $98.45.

The Kraft Heinz Company Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.