Candriam Luxembourg S.C.A. increased its stake in Kraft Heinz Co (NASDAQ:KHC) by 27.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,283 shares of the company’s stock after acquiring an additional 13,579 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Kraft Heinz were worth $3,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Magellan Asset Management Ltd increased its holdings in Kraft Heinz by 39.6% during the 2nd quarter. Magellan Asset Management Ltd now owns 33,621,370 shares of the company’s stock valued at $2,112,094,000 after purchasing an additional 9,529,235 shares during the period. FMR LLC increased its holdings in Kraft Heinz by 34.4% during the 2nd quarter. FMR LLC now owns 8,254,817 shares of the company’s stock valued at $518,567,000 after purchasing an additional 2,111,198 shares during the period. Northern Trust Corp increased its holdings in Kraft Heinz by 3.3% during the 2nd quarter. Northern Trust Corp now owns 7,204,595 shares of the company’s stock valued at $452,592,000 after purchasing an additional 230,493 shares during the period. Federated Investors Inc. PA increased its holdings in Kraft Heinz by 39,913.8% during the 2nd quarter. Federated Investors Inc. PA now owns 3,407,179 shares of the company’s stock valued at $214,038,000 after purchasing an additional 3,398,664 shares during the period. Finally, Legal & General Group Plc increased its holdings in Kraft Heinz by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 2,891,188 shares of the company’s stock valued at $181,612,000 after purchasing an additional 93,997 shares during the period. 63.99% of the stock is owned by institutional investors.

Kraft Heinz stock opened at $50.94 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $63.51 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.32 and a beta of 0.45. Kraft Heinz Co has a twelve month low of $50.41 and a twelve month high of $82.48.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 EPS. On average, analysts expect that Kraft Heinz Co will post 3.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be paid a $0.625 dividend. The ex-dividend date is Thursday, November 15th. This represents a $2.50 annualized dividend and a dividend yield of 4.91%. Kraft Heinz’s payout ratio is currently 70.42%.

A number of research analysts have weighed in on the company. Morgan Stanley assumed coverage on Kraft Heinz in a report on Monday, September 17th. They set an “underweight” rating and a $52.00 target price on the stock. Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. BidaskClub downgraded Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Saturday, September 29th. Bank of America set a $83.00 target price on Kraft Heinz and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, Piper Jaffray Companies set a $62.00 target price on Kraft Heinz and gave the stock a “buy” rating in a report on Friday, November 2nd. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $66.89.

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Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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