New York State Teachers Retirement System Sells 15,197 Shares of The Kraft Heinz Company (NASDAQ:KHC)

New York State Teachers Retirement System reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 650,041 shares of the company's stock after selling 15,197 shares during the quarter. New York State Teachers Retirement System owned about 0.05% of Kraft Heinz worth $19,963,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Winch Advisory Services LLC lifted its stake in shares of Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after purchasing an additional 380 shares during the period. Pinnacle Financial Partners Inc lifted its stake in shares of Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock valued at $336,000 after purchasing an additional 381 shares during the period. Smith Thornton Advisors LLC lifted its stake in shares of Kraft Heinz by 2.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company's stock valued at $727,000 after purchasing an additional 435 shares during the period. Cohen Investment Advisors LLC lifted its stake in shares of Kraft Heinz by 5.0% in the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after purchasing an additional 487 shares during the period. Finally, Keynote Financial Services LLC lifted its stake in shares of Kraft Heinz by 2.0% in the 3rd quarter. Keynote Financial Services LLC now owns 25,965 shares of the company's stock valued at $912,000 after purchasing an additional 512 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Up 1.2 %

Shares of Kraft Heinz stock traded up $0.37 on Thursday, reaching $30.16. The company's stock had a trading volume of 8,637,603 shares, compared to its average volume of 9,914,326. The company has a market capitalization of $36.03 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 3.29 and a beta of 0.47. The firm's fifty day simple moving average is $29.77 and its two-hundred day simple moving average is $32.60. 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.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data 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 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Friday, March 7th. Kraft Heinz's payout ratio is currently 70.80%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KHC shares. Jefferies Financial Group lowered their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group lowered their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Bank of America cut Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. StockNews.com cut Kraft Heinz from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. Finally, Evercore ISI reiterated an "in-line" rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Three 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, Kraft Heinz presently has a consensus rating of "Hold" and an average target price of $30.86.

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.