Gateway Investment Advisers LLC decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,324 shares of the company’s stock after selling 739 shares during the quarter. Gateway Investment Advisers LLC’s holdings in The Kraft Heinz were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KHC. Amundi Pioneer Asset Management Inc. boosted its position in shares of The Kraft Heinz by 22.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 654,151 shares of the company’s stock valued at $21,358,000 after acquiring an additional 121,281 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in The Kraft Heinz by 7.1% in the third quarter. Great West Life Assurance Co. Can now owns 850,922 shares of the company’s stock valued at $25,494,000 after buying an additional 56,378 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in The Kraft Heinz in the third quarter valued at about $421,000. Chiron Capital Management LLC acquired a new position in The Kraft Heinz in the third quarter valued at about $1,947,000. Finally, Jeppson Wealth Management LLC acquired a new position in The Kraft Heinz in the third quarter valued at about $1,038,000. 58.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the stock. Credit Suisse Group upped their target price on shares of The Kraft Heinz from $32.00 to $35.00 and gave the company an “underperform” rating in a research report on Monday, March 29th. Stifel Nicolaus boosted their price target on shares of The Kraft Heinz from $33.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, February 12th. Morgan Stanley boosted their price target on shares of The Kraft Heinz from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 12th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $41.00 price target on shares of The Kraft Heinz in a research note on Sunday, March 14th. Finally, Jefferies Financial Group boosted their price target on shares of The Kraft Heinz from $32.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, January 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.14.

Shares of KHC opened at $41.03 on Wednesday. The stock has a 50 day moving average price of $39.46 and a 200 day moving average price of $34.78. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $50.19 billion, a price-to-earnings ratio of -102.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.00. The Kraft Heinz Company has a 52-week low of $28.12 and a 52-week high of $41.47.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 10th. The company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.06. The Kraft Heinz had a positive return on equity of 6.80% and a negative net margin of 1.92%. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period last year, the company earned $0.72 earnings per share. On average, equities analysts anticipate that The Kraft Heinz Company will post 2.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, March 11th. The Kraft Heinz’s dividend payout ratio is presently 56.14%.

The Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy, meals, meats and seafood, frozen and chilled foods, packaged drinking pouches, appetizers, nuts and salted snacks, refreshment beverages, coffee, infant and nutrition products, and other grocery products, as well as desserts, dressings, toppings, and baking.

See Also: Initial Public Offering (IPO)

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

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