Rheos Capital Works Inc. Makes New Investment in The Kraft Heinz Company (NASDAQ:KHC)

Rheos Capital Works Inc. acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 177,000 shares of the company’s stock, valued at approximately $5,386,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KHC. Hickory Point Bank & Trust grew its position in Kraft Heinz by 11.2% during the 1st quarter. Hickory Point Bank & Trust now owns 11,704 shares of the company’s stock worth $356,000 after acquiring an additional 1,175 shares during the last quarter. Disciplined Equity Management Inc. grew its position in shares of Kraft Heinz by 24.2% during the 1st quarter. Disciplined Equity Management Inc. now owns 35,390 shares of the company’s stock worth $1,077,000 after buying an additional 6,890 shares during the period. Park Avenue Securities LLC grew its holdings in Kraft Heinz by 35.4% during the 1st quarter. Park Avenue Securities LLC now owns 26,041 shares of the company’s stock worth $792,000 after acquiring an additional 6,815 shares during the period. OLD National Bancorp IN increased its holdings in Kraft Heinz by 11.4% in the first quarter. OLD National Bancorp IN now owns 270,705 shares of the company’s stock valued at $8,238,000 after purchasing an additional 27,650 shares during the last quarter. Finally, KMG Fiduciary Partners LLC raised its position in shares of Kraft Heinz by 19.7% in the 1st quarter. KMG Fiduciary Partners LLC now owns 63,142 shares of the company’s stock valued at $1,921,000 after acquiring an additional 10,399 shares during the period. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DZ Bank cut Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Cfra Research lowered shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Finally, Citigroup reiterated a “sell” rating and set a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Four research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.53.

Kraft Heinz Trading Up 0.4%

Shares of KHC stock opened at $26.73 on Monday. The Kraft Heinz Company has a fifty-two week low of $26.01 and a fifty-two week high of $36.53. The stock’s fifty day moving average price is $28.26 and its two-hundred day moving average price is $29.58. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market cap of $31.64 billion, a PE ratio of 11.83, a P/E/G ratio of 3.39 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the company earned $0.69 EPS. Kraft Heinz’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.99%. Kraft Heinz’s payout ratio is currently 73.06%.

Kraft Heinz Company 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.