Kraft Heinz Co (NASDAQ:KHC) Shares Bought by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. grew its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 22.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 654,151 shares of the company’s stock after acquiring an additional 121,281 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Kraft Heinz were worth $21,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KHC. GFS Advisors LLC increased its stake in Kraft Heinz by 53.1% in the 1st quarter. GFS Advisors LLC now owns 147,581 shares of the company’s stock worth $4,819,000 after purchasing an additional 51,162 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Kraft Heinz by 1.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 635,070 shares of the company’s stock worth $20,735,000 after buying an additional 6,171 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of Kraft Heinz by 281.3% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,440 shares of the company’s stock worth $79,000 after buying an additional 1,800 shares during the last quarter. Advisors Management Group Inc. ADV bought a new stake in shares of Kraft Heinz in the 1st quarter worth approximately $2,259,000. Finally, Wesleyan Assurance Society bought a new stake in shares of Kraft Heinz in the 1st quarter worth approximately $3,406,000. Hedge funds and other institutional investors own 58.23% of the company’s stock.

NASDAQ KHC opened at $30.31 on Friday. 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 twelve month low of $26.96 and a twelve month high of $64.99. The company has a market cap of $36.89 billion, a P/E ratio of 8.59, a PEG ratio of 2.91 and a beta of 0.69.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.28%. The ex-dividend date was Thursday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.

A number of brokerages have recently weighed in on KHC. Piper Jaffray Companies upgraded Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 price objective on the stock in a research report on Friday, May 31st. Evercore ISI began coverage on Kraft Heinz in a research report on Tuesday. They set an “in-line” rating and a $32.00 price target on the stock. Credit Suisse Group restated an “underperform” rating and set a $26.00 price target (down from $33.00) on shares of Kraft Heinz in a research report on Thursday, May 30th. Barclays lowered Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 22nd. Finally, Wolfe Research lowered Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price target on the stock. in a research report on Friday, March 29th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.22.

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Kraft Heinz Profile

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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