Robeco Institutional Asset Management B.V. Acquires 191,056 Shares of Kraft Heinz Co (KHC)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 1,336.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,353 shares of the company’s stock after buying an additional 191,056 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kraft Heinz were worth $6,706,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farmers Trust Co. boosted its holdings in shares of Kraft Heinz by 24.4% in the 1st quarter. Farmers Trust Co. now owns 76,507 shares of the company’s stock valued at $2,498,000 after buying an additional 14,986 shares in the last quarter. CWM LLC boosted its stake in Kraft Heinz by 58.3% during the 1st quarter. CWM LLC now owns 3,443 shares of the company’s stock worth $112,000 after purchasing an additional 1,268 shares during the period. Aspire Private Capital LLC acquired a new stake in Kraft Heinz during the 4th quarter worth $129,000. Nicholas Company Inc. boosted its stake in Kraft Heinz by 17.2% during the 4th quarter. Nicholas Company Inc. now owns 137,855 shares of the company’s stock worth $5,933,000 after purchasing an additional 20,270 shares during the period. Finally, Investec Asset Management LTD acquired a new stake in Kraft Heinz during the 1st quarter worth $342,000. 62.00% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on KHC shares. BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. UBS Group cut their price target on shares of Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Zacks Investment Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 24th. Piper Jaffray Companies downgraded shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and cut their price target for the company from $35.00 to $31.00 in a report on Wednesday, April 24th. Finally, Wolfe Research downgraded shares of Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price target for the company. in a report on Friday, March 29th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $42.17.

Shares of NASDAQ KHC opened at $32.27 on Thursday. The stock has a market capitalization of $39.06 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 2.52 and a beta of 0.58. Kraft Heinz Co has a 52 week low of $31.53 and a 52 week high of $64.99. 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 (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.93 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. Kraft Heinz’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. As a group, equities research analysts expect that Kraft Heinz Co will post 2.82 earnings per share for the current year.

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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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