Capital International Inc. CA Has $19.50 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Capital International Inc. CA grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 528,512 shares of the company’s stock after purchasing an additional 5,568 shares during the period. Capital International Inc. CA’s holdings in Kraft Heinz were worth $19,502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. TCW Group Inc. acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $1,098,000. Shell Asset Management Co. lifted its position in shares of Kraft Heinz by 251.3% in the fourth quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock worth $1,251,000 after buying an additional 24,199 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Kraft Heinz by 120.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock worth $5,079,000 after purchasing an additional 75,149 shares during the period. Bridgewater Associates LP boosted its holdings in shares of Kraft Heinz by 7.7% during the 4th quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after buying an additional 118,260 shares during the period. Finally, GLOBALT Investments LLC GA acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $7,743,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Barclays dropped their price target on Kraft Heinz from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Piper Sandler cut their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday, June 20th. Bank of America decreased their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded up $0.07 during mid-day trading on Friday, reaching $33.36. 6,048,313 shares of the stock were exchanged, compared to its average volume of 7,885,722. The company has a market cap of $40.51 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 3.32 and a beta of 0.53. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $38.96. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The firm has a 50-day simple moving average of $33.46 and a 200 day simple moving average of $35.42.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. On average, sell-side analysts predict that The Kraft Heinz Company will post 2.99 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were issued a $0.40 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.80%. Kraft Heinz’s dividend payout ratio is 69.87%.

Kraft Heinz 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.