Capital International Inc. CA Has $4.65 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Capital International Inc. CA decreased its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 70.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151,354 shares of the company's stock after selling 360,527 shares during the quarter. Capital International Inc. CA's holdings in Kraft Heinz were worth $4,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Kraft Heinz by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,525,110 shares of the company's stock valued at $200,369,000 after buying an additional 174,706 shares during the period. First Trust Advisors LP grew its stake in Kraft Heinz by 5.8% in the fourth quarter. First Trust Advisors LP now owns 4,424,038 shares of the company's stock valued at $135,862,000 after purchasing an additional 241,087 shares in the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Kraft Heinz by 27.9% during the 4th quarter. Freedom Investment Management Inc. now owns 9,760 shares of the company's stock valued at $300,000 after buying an additional 2,129 shares during the last quarter. Forum Financial Management LP raised its position in Kraft Heinz by 56.5% during the fourth quarter. Forum Financial Management LP now owns 19,719 shares of the company's stock valued at $606,000 after acquiring an additional 7,118 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Kraft Heinz by 99.1% in the fourth quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock worth $874,000 after acquiring an additional 14,169 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KHC. Wells Fargo & Company lowered their price objective on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $30.69.

Kraft Heinz Price Performance

Shares of KHC stock traded down $0.15 during trading hours on Friday, hitting $29.49. The company had a trading volume of 8,151,845 shares, compared to its average volume of 9,067,237. 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 firm has a market capitalization of $35.19 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The firm's fifty day moving average is $30.06 and its 200 day moving average is $30.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) 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%. On average, sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.

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.