O Shaughnessy Asset Management LLC boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,122 shares of the company's stock after purchasing an additional 26,641 shares during the period. O Shaughnessy Asset Management LLC's holdings in Kraft Heinz were worth $2,614,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after acquiring an additional 14,996,486 shares in the last quarter. Norges Bank purchased a new stake in Kraft Heinz during the 4th quarter worth $324,857,000. State Street Corp increased its holdings in Kraft Heinz by 16.7% in 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 raised its position in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after purchasing an additional 1,944,019 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Kraft Heinz by 96.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after purchasing an additional 1,403,220 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price 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. UBS Group dropped their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Barclays decreased their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Finally, Citigroup reissued a "sell" rating and issued a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday. Four investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.67.
View Our Latest Stock Report on KHC
Kraft Heinz Stock Performance
Shares of NASDAQ KHC traded up $0.12 during trading on Tuesday, reaching $28.65. The stock had a trading volume of 4,859,097 shares, compared to its average volume of 10,817,599. The stock has a market cap of $34.20 billion, a PE ratio of 12.68, a P/E/G ratio of 3.39 and a beta of 0.44. The firm's 50 day moving average price is $30.06 and its two-hundred day moving average price is $31.46. 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 one year low of $27.25 and a one year high of $38.96.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.
Kraft Heinz Dividend Announcement
The firm also recently disclosed 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 5.58%. Kraft Heinz's dividend payout ratio is presently 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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