Northwest & Ethical Investments L.P. lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 121.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,327 shares of the company's stock after acquiring an additional 44,642 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Kraft Heinz were worth $2,498,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in Kraft Heinz in the third quarter valued at approximately $411,304,000. State Street Corp grew its holdings in Kraft Heinz by 16.7% during the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC increased its stake in Kraft Heinz by 11.3% during 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. Thompson Siegel & Walmsley LLC lifted its holdings in Kraft Heinz by 96.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after buying an additional 1,403,220 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Kraft Heinz in the 4th quarter valued at about $39,339,000. Hedge funds and other institutional investors own 78.17% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on KHC shares. TD Cowen dropped their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Barclays dropped their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Jefferies Financial Group reduced their target price 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. Evercore ISI restated an "in-line" rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $30.73.
Check Out Our Latest Research Report on KHC
Kraft Heinz Stock Performance
Shares of KHC traded down $0.02 during midday trading on Tuesday, hitting $29.10. 9,389,747 shares of the stock traded hands, compared to its average volume of 8,504,662. The business's 50 day moving average price is $29.92 and its two-hundred day moving average price is $31.85. The firm has a market capitalization of $34.77 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. 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 1-year low of $27.25 and a 1-year high of $38.96.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's dividend payout ratio is currently 70.80%.
About Kraft Heinz
(
Free Report)
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.
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