Public Employees Retirement System of Ohio Lowers Position in The Kraft Heinz Company (NASDAQ:KHC)

Public Employees Retirement System of Ohio decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,360 shares of the company's stock after selling 28,185 shares during the period. Public Employees Retirement System of Ohio's holdings in Kraft Heinz were worth $15,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Kraft Heinz in the 3rd quarter valued at $411,304,000. State Street Corp lifted its position in shares of Kraft Heinz by 16.7% during 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 last quarter. Dimensional Fund Advisors LP boosted its stake in Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company's stock valued at $178,379,000 after buying an additional 1,778,263 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Kraft Heinz by 387.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,455,033 shares of the company's stock valued at $51,086,000 after acquiring an additional 1,156,712 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Kraft Heinz by 260.8% during the second quarter. Marshall Wace LLP now owns 1,169,657 shares of the company's stock worth $37,686,000 after acquiring an additional 845,490 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares of the company's stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research reports. Stifel Nicolaus lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price target for the company from $40.00 to $38.00 in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and decreased their target price for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Piper Sandler reissued a "neutral" rating and set a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. The Goldman Sachs Group lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a "sell" rating for the company in a report on Thursday, October 31st. Finally, Mizuho cut their price target on Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $36.55.

Kraft Heinz Trading Down 0.9 %

Kraft Heinz stock traded down $0.30 during trading hours on Wednesday, reaching $31.29. 9,496,893 shares of the company's stock were exchanged, compared to its average volume of 8,126,161. The firm's 50 day simple moving average is $33.26 and its 200 day simple moving average is $33.87. The Kraft Heinz Company has a twelve month low of $30.40 and a twelve month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $37.84 billion, a PE ratio of 28.21, a PEG ratio of 3.52 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The business had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. Research analysts predict that The Kraft Heinz Company will post 3.01 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, December 27th. Stockholders of record on Friday, November 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.11%. Kraft Heinz's dividend payout ratio is presently 144.14%.

About Kraft Heinz

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.