AIA Group Ltd cut its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,997 shares of the company's stock after selling 19,764 shares during the quarter. AIA Group Ltd's holdings in Kraft Heinz were worth $3,654,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of KHC. Larson Financial Group LLC boosted its stake in shares of Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company's stock valued at $34,000 after purchasing an additional 636 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Kraft Heinz by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 544,638 shares of the company's stock valued at $19,122,000 after buying an additional 46,740 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in Kraft Heinz in the 3rd quarter valued at about $231,000. Public Sector Pension Investment Board boosted its holdings in shares of Kraft Heinz by 138.8% in the third quarter. Public Sector Pension Investment Board now owns 34,751 shares of the company's stock valued at $1,220,000 after purchasing an additional 20,200 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Kraft Heinz by 62.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 641,668 shares of the company's stock worth $22,529,000 after buying an additional 247,328 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. TD Cowen decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Barclays reduced their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Stifel Nicolaus cut their price target on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Citigroup cut shares of Kraft Heinz from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. Finally, Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of "Hold" and an average target price of $30.73.
View Our Latest Report on KHC
Kraft Heinz Stock Up 2.3 %
Shares of KHC stock traded up $0.69 on Thursday, hitting $30.82. The company's stock had a trading volume of 8,819,982 shares, compared to its average volume of 10,639,802. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market capitalization of $36.78 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 3.39 and a beta of 0.44. The firm's fifty day moving average price is $30.05 and its 200-day moving average price is $31.60. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.19%. Kraft Heinz's dividend payout ratio is 70.80%.
Kraft Heinz Profile
(
Free Report)
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.
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