Actinver Wealth Management Inc. Purchases New Holdings in Kraft Heinz Co (KHC)

Actinver Wealth Management Inc. acquired a new stake in Kraft Heinz Co (NASDAQ:KHC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,591 shares of the company’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KHC. Oregon Public Employees Retirement Fund grew its position in shares of Kraft Heinz by 6,999.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock worth $244,000 after buying an additional 10,352,489 shares during the period. American International Group Inc. grew its position in shares of Kraft Heinz by 31.0% during the 4th quarter. American International Group Inc. now owns 7,692,416 shares of the company’s stock worth $331,082,000 after buying an additional 1,821,732 shares during the period. Vanguard Group Inc grew its position in shares of Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after buying an additional 1,123,288 shares during the period. Vanguard Group Inc. grew its position in shares of Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after buying an additional 1,123,288 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Kraft Heinz by 35.5% during the 3rd quarter. Mackenzie Financial Corp now owns 3,876,518 shares of the company’s stock worth $213,635,000 after buying an additional 1,016,147 shares during the period. Hedge funds and other institutional investors own 62.45% of the company’s stock.

KHC traded up $0.07 during trading on Friday, reaching $32.96. The company had a trading volume of 6,834,566 shares, compared to its average volume of 7,315,370. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 1.22. Kraft Heinz Co has a 12 month low of $31.53 and a 12 month high of $64.99. The firm has a market cap of $40.19 billion, a P/E ratio of 9.34, a PEG ratio of 2.60 and a beta of 0.58.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the firm posted $0.90 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Kraft Heinz Co will post 2.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is currently 45.33%.

Several equities research analysts have recently commented on the stock. Berenberg Bank set a $60.00 price target on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. TheStreet cut shares of Kraft Heinz from a “c-” rating to a “d+” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. cut shares of Kraft Heinz from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $52.00 to $37.00 in a research report on Friday, February 22nd. UBS Group lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $39.00 in a research note on Friday, February 22nd. Finally, BidaskClub raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.64.

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About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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