Kraft Heinz Company (NASDAQ:KHC) Stake Increased by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 70.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,475 shares of the company’s stock after acquiring an additional 2,262 shares during the quarter. Federated Hermes Inc.’s holdings in Kraft Heinz were worth $167,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KHC. Klingenstein Fields & Co. LP raised its holdings in shares of Kraft Heinz by 4.6% during the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock worth $239,000 after purchasing an additional 344 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its position in shares of Kraft Heinz by 4.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company’s stock valued at $307,000 after buying an additional 386 shares during the last quarter. Meeder Advisory Services Inc. raised its stake in Kraft Heinz by 2.7% during the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after acquiring an additional 393 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in Kraft Heinz by 1.6% in the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock worth $779,000 after acquiring an additional 397 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Kraft Heinz by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock worth $2,101,000 after acquiring an additional 397 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $27.76 on Monday. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $26.93 and its two-hundred day moving average price is $28.46. The stock has a market cap of $32.86 billion, a PE ratio of -6.18, a price-to-earnings-growth ratio of 3.23 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.8%. Kraft Heinz’s dividend payout ratio (DPR) is currently -35.63%.

Analysts Set New Price Targets

KHC has been the subject of several recent research reports. DZ Bank lowered Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday, May 9th. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Sanford C. Bernstein cut Kraft Heinz from an “outperform” rating to a “market perform” rating and cut their target price for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Finally, Cfra Research cut shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average price target of $30.35.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz 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.