California Public Employees Retirement System boosted its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,687,502 shares of the company's stock after acquiring an additional 12,583 shares during the quarter. California Public Employees Retirement System owned 0.47% of Kraft Heinz worth $174,663,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in KHC. Larson Financial Group LLC increased its position in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock worth $34,000 after purchasing an additional 636 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Kraft Heinz by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 544,638 shares of the company's stock worth $19,122,000 after buying an additional 46,740 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Kraft Heinz in the third quarter worth $231,000. Public Sector Pension Investment Board raised its stake in shares of Kraft Heinz by 138.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 34,751 shares of the company's stock valued at $1,220,000 after acquiring an additional 20,200 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings 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 valued at $22,529,000 after acquiring an additional 247,328 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.
Kraft Heinz Stock Up 2.6 %
NASDAQ:KHC traded up $0.77 during mid-day trading on Thursday, reaching $30.90. The stock had a trading volume of 7,703,410 shares, compared to its average volume of 8,782,885. The stock's 50 day simple moving average is $30.05 and its two-hundred day simple moving average is $31.60. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a market capitalization of $36.88 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping 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%. Equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.18%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Barclays lowered their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Wells Fargo & Company lowered their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Piper Sandler reduced their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $30.73.
Check Out Our Latest Stock Analysis on Kraft Heinz
Kraft Heinz Company 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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