Capital International Investors Cuts Stake in The Kraft Heinz Company (NASDAQ:KHC)

Capital International Investors lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,804,086 shares of the company's stock after selling 13,159 shares during the quarter. Capital International Investors owned about 0.98% of Kraft Heinz worth $362,503,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on KHC. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research report on Thursday, February 13th. Morgan Stanley began coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target for the company. Finally, Citigroup reissued a "sell" rating and set a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and an average price target of $30.67.

Kraft Heinz Trading Up 1.6 %

KHC traded up $0.48 during trading hours on Monday, reaching $29.94. The company's stock had a trading volume of 6,918,084 shares, compared to its average volume of 9,051,726. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. 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 cap of $35.73 billion, a PE ratio of 13.25, a P/E/G ratio of 3.39 and a beta of 0.44. The business's 50-day moving average is $30.01 and its 200-day moving average is $31.01.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.34%. Kraft Heinz's dividend payout ratio is currently 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.