Royal London Asset Management Ltd. Acquires 159,093 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Royal London Asset Management Ltd. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,954,366 shares of the company's stock after acquiring an additional 159,093 shares during the period. Royal London Asset Management Ltd. owned approximately 0.16% of Kraft Heinz worth $60,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in KHC. Mutual of America Capital Management LLC raised its stake in Kraft Heinz by 9.2% during the third quarter. Mutual of America Capital Management LLC now owns 108,792 shares of the company's stock worth $3,820,000 after acquiring an additional 9,157 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Kraft Heinz by 23.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company's stock valued at $1,848,000 after purchasing an additional 9,833 shares during the last quarter. Pathstone Holdings LLC increased its position in Kraft Heinz by 34.4% during the 3rd quarter. Pathstone Holdings LLC now owns 96,151 shares of the company's stock worth $3,376,000 after purchasing an additional 24,606 shares in the last quarter. Caprock Group LLC increased its position in Kraft Heinz by 5.1% during the 3rd quarter. Caprock Group LLC now owns 52,508 shares of the company's stock worth $1,844,000 after purchasing an additional 2,538 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Kraft Heinz in the 3rd quarter valued at approximately $1,844,000. Institutional investors and hedge funds own 78.17% of the company's stock.

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Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded down $0.02 during midday trading on Tuesday, reaching $29.10. The company had a trading volume of 9,389,747 shares, compared to its average volume of 8,504,662. The stock has a market cap of $34.77 billion, a P/E ratio of 12.88, a P/E/G ratio of 3.39 and a beta of 0.40. The company's 50 day moving average price is $29.92 and its 200 day moving average price is $31.85. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.50%. Kraft Heinz's payout ratio is presently 70.80%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley began coverage on shares of Kraft Heinz in a research note on Monday. They set an "underweight" rating and a $29.00 target price on the stock. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. 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. Finally, Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.73.

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.