Ontario Teachers Pension Plan Board Purchases Shares of 8,573 The Kraft Heinz Company (NASDAQ:KHC)

Ontario Teachers Pension Plan Board acquired a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,573 shares of the company's stock, valued at approximately $263,000.

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

Analyst Ratings Changes

Several equities analysts recently commented on KHC shares. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Wells Fargo & Company dropped their price objective on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their target price for the company from $36.00 to $30.00 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. Finally, TD Cowen reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Four 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 a consensus target price of $30.67.

Kraft Heinz Stock Up 1.6 %

Shares of KHC traded up $0.48 during midday trading on Monday, hitting $29.94. The company had a trading volume of 6,918,084 shares, compared to its average volume of 9,051,715. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a market cap of $35.73 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 3.39 and a beta of 0.44. 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 company's 50 day moving average price is $29.98 and its 200 day moving average price is $31.04.

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 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, equities research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.34%. Kraft Heinz's dividend payout ratio is 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.