Amundi Pioneer Asset Management Inc. Has $92.36 Million Stake in Kraft Heinz Co (KHC)
Amundi Pioneer Asset Management Inc. lifted its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 27.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,191,000 shares of the company’s stock after purchasing an additional 259,700 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.10% of Kraft Heinz worth $92,362,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of KHC. BlackRock Inc. grew its stake in Kraft Heinz by 2,314.8% in the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after acquiring an additional 31,204,852 shares during the period. Morgan Stanley grew its stake in Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after acquiring an additional 2,988,664 shares during the period. FMR LLC grew its stake in Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after acquiring an additional 2,659,846 shares during the period. Vanguard Group Inc. grew its stake in Kraft Heinz by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after acquiring an additional 1,585,231 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Kraft Heinz in the 2nd quarter valued at $102,151,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kraft Heinz Co (NASDAQ KHC) opened at $78.48 on Friday. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The stock has a market cap of $95,625.38, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts forecast that Kraft Heinz Co will post 3.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.19%. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Piper Jaffray Companies set a $92.00 price target on shares of Kraft Heinz and gave the company a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Finally, Goldman Sachs Group cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $87.00 in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $92.49.
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Kraft Heinz 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.
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