Schroder Investment Management Group Has $82.69 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Schroder Investment Management Group trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,692,578 shares of the company's stock after selling 36,172 shares during the period. Schroder Investment Management Group owned 0.22% of Kraft Heinz worth $82,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cornercap Investment Counsel Inc. boosted its holdings in shares of Kraft Heinz by 37.9% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 51,748 shares of the company's stock worth $1,589,000 after acquiring an additional 14,232 shares during the period. Allstate Corp acquired a new position in Kraft Heinz in the 4th quarter valued at $824,000. Maridea Wealth Management LLC bought a new position in Kraft Heinz during the 4th quarter worth $483,000. New Age Alpha Advisors LLC lifted its holdings in shares of Kraft Heinz by 7,796.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 34,192 shares of the company's stock worth $1,050,000 after buying an additional 33,759 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Kraft Heinz in the fourth quarter valued at about $324,857,000. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. UBS Group cut their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Barclays dropped their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Citigroup lowered Kraft Heinz from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Finally, Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $30.73.

Remove Ads

Kraft Heinz Trading Up 2.6 %

Shares of KHC traded up $0.77 during mid-day trading on Thursday, reaching $30.90. 7,703,410 shares of the company were exchanged, compared to its average volume of 8,782,885. The business has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $31.60. 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 capitalization of $36.88 billion, a PE ratio of 13.65, a PEG ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its 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, analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz 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.