Kraft Heinz Co (NASDAQ:KHC) Stake Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in Kraft Heinz Co (NASDAQ:KHC) by 1.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 635,070 shares of the company’s stock after acquiring an additional 6,171 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Kraft Heinz were worth $20,735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Vanguard Group Inc boosted its stake in Kraft Heinz by 2.5% during the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after acquiring an additional 1,123,288 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Kraft Heinz by 167.7% in the fourth quarter. Advisors Asset Management Inc. now owns 130,060 shares of the company’s stock valued at $5,598,000 after buying an additional 81,468 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of Kraft Heinz in the fourth quarter valued at $56,000. ETF Managers Group LLC lifted its stake in shares of Kraft Heinz by 18.3% in the fourth quarter. ETF Managers Group LLC now owns 2,138 shares of the company’s stock valued at $92,000 after buying an additional 330 shares in the last quarter. Finally, Buckingham Capital Management Inc. lifted its stake in shares of Kraft Heinz by 21.2% in the fourth quarter. Buckingham Capital Management Inc. now owns 30,148 shares of the company’s stock valued at $1,298,000 after buying an additional 5,277 shares in the last quarter. Institutional investors and hedge funds own 58.23% of the company’s stock.

Several analysts have recently commented on KHC shares. TheStreet downgraded shares of Kraft Heinz from a “c-” rating to a “d+” rating in a report on Wednesday, March 13th. Morgan Stanley upgraded shares of Kraft Heinz from an “underweight” rating to an “equal weight” rating and set a $35.00 price objective for the company in a report on Monday, March 4th. Barclays downgraded shares of Kraft Heinz from an “overweight” rating to an “equal weight” rating in a report on Friday, February 22nd. Berenberg Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Stifel Nicolaus downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a report on Friday, February 22nd. Five investment 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. The company currently has an average rating of “Hold” and a consensus price target of $41.22.

NASDAQ KHC opened at $30.31 on Friday. Kraft Heinz Co has a 52-week low of $26.96 and a 52-week high of $64.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.86. The stock has a market cap of $37.10 billion, a P/E ratio of 8.59, a P/E/G ratio of 2.95 and a beta of 0.69.

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

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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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