Victory Capital Management Inc. Has $62.95 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Victory Capital Management Inc. reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,702,291 shares of the company’s stock after selling 65,782 shares during the quarter. Victory Capital Management Inc.’s holdings in Kraft Heinz were worth $62,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Kraft Heinz by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock valued at $2,362,053,000 after purchasing an additional 417,115 shares during the period. Invesco Ltd. boosted its stake in Kraft Heinz by 10.7% in the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock valued at $827,581,000 after buying an additional 2,369,080 shares in the last quarter. Morgan Stanley grew its position in Kraft Heinz by 7.2% in the third quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock valued at $423,216,000 after acquiring an additional 850,326 shares during the period. LSV Asset Management lifted its holdings in shares of Kraft Heinz by 27.1% during the third quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock valued at $311,621,000 after acquiring an additional 1,977,571 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Kraft Heinz by 3.7% in the 3rd quarter. Northern Trust Corp now owns 9,120,015 shares of the company’s stock worth $306,797,000 after purchasing an additional 324,450 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC stock opened at $36.35 on Friday. The stock has a market cap of $44.14 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 2.89 and a beta of 0.65. The stock has a 50-day moving average price of $36.35 and a two-hundred day moving average price of $35.75. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.44. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. Equities analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analyst Upgrades and Downgrades

KHC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Citigroup started coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective on the stock. Bank of America boosted their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $39.50.

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.