The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,900 shares of the company's stock after acquiring an additional 12,930 shares during the quarter. Intact Investment Management Inc.'s holdings in Kraft Heinz were worth $4,726,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company's stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock worth $669,821,000 after buying an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Kraft Heinz in the 3rd quarter worth $411,304,000. Nordea Investment Management AB lifted its holdings in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kraft Heinz by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company's stock worth $172,016,000 after buying an additional 293,694 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Stifel Nicolaus reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group reduced their price target on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group reduced their price target 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. Finally, TD Cowen reduced their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and a consensus target price of $30.86.

Kraft Heinz Stock Performance

Shares of KHC traded down $0.50 during mid-day trading on Wednesday, reaching $29.89. The company had a trading volume of 14,541,720 shares, compared to its average volume of 8,403,398. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $35.72 billion, a P/E ratio of 13.23, a PEG ratio of 3.39 and a beta of 0.40. The stock has a 50 day moving average of $29.89 and a two-hundred day moving average of $32.03.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results 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 return on equity of 7.58% and a net margin of 10.62%. On average, analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.35%. Kraft Heinz's dividend payout ratio (DPR) 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.