Canada Post Corp Registered Pension Plan Makes New $360,000 Investment in The Kraft Heinz Company (NASDAQ:KHC)

Canada Post Corp Registered Pension Plan bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,733 shares of the company's stock, valued at approximately $360,000.

Several other hedge funds also recently modified their holdings of KHC. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz during the fourth quarter worth approximately $29,000. R Squared Ltd acquired a new position in Kraft Heinz during the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management bought a new position in shares of Kraft Heinz during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KHC. Evercore ISI restated an "in-line" rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and cut their target price for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Barclays decreased their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $30.67.

Kraft Heinz Price Performance

Kraft Heinz stock traded up $0.16 on Monday, reaching $29.62. The company's stock had a trading volume of 1,203,183 shares, compared to its average volume of 9,029,668. The business's fifty day moving average price is $29.98 and its 200 day moving average price is $31.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a market cap of $35.35 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.40%. Kraft Heinz's payout ratio is 70.80%.

Kraft Heinz Company 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.