Headlands Technologies LLC Acquires 20,608 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Headlands Technologies LLC grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1,189.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,340 shares of the company’s stock after purchasing an additional 20,608 shares during the period. Headlands Technologies LLC’s holdings in Kraft Heinz were worth $826,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Vanguard Group Inc. grew its position in Kraft Heinz by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock worth $2,362,053,000 after purchasing an additional 417,115 shares in the last quarter. Invesco Ltd. increased its position in shares of Kraft Heinz by 10.7% during the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock valued at $827,581,000 after acquiring an additional 2,369,080 shares during the last quarter. Morgan Stanley grew its stake in Kraft Heinz by 7.2% in the 3rd quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock valued at $423,216,000 after purchasing an additional 850,326 shares during the period. LSV Asset Management grew its position in Kraft Heinz by 27.1% during the third quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock valued at $311,621,000 after buying an additional 1,977,571 shares during the period. Finally, Northern Trust Corp increased its holdings in Kraft Heinz by 3.7% during the third quarter. Northern Trust Corp now owns 9,120,015 shares of the company’s stock worth $306,797,000 after buying an additional 324,450 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

Kraft Heinz stock traded down $0.21 during mid-day trading on Friday, hitting $38.16. 5,342,375 shares of the company traded hands, compared to its average volume of 6,515,615. The stock has a fifty day moving average price of $36.20 and a 200-day moving average price of $35.56. The stock has a market cap of $46.39 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.03 and a beta of 0.67. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the firm posted $0.85 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. On average, equities analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is currently 69.26%.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research reports. Bank of America increased their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Citigroup initiated coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.57.

About Kraft Heinz

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.