The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,487 shares of the company's stock after selling 26,587 shares during the period. Teacher Retirement System of Texas' holdings in Kraft Heinz were worth $1,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KHC. Royal London Asset Management Ltd. boosted its stake in Kraft Heinz by 8.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,954,366 shares of the company's stock worth $60,019,000 after buying an additional 159,093 shares during the period. Generali Investments Management Co LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter worth approximately $26,000. GM Advisory Group LLC lifted its stake in shares of Kraft Heinz by 18.4% during the 4th quarter. GM Advisory Group LLC now owns 16,814 shares of the company's stock worth $516,000 after acquiring an additional 2,609 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Kraft Heinz by 27.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 71,163 shares of the company's stock valued at $2,165,000 after acquiring an additional 15,469 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in Kraft Heinz in the 4th quarter valued at $594,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Kraft Heinz stock traded up $0.19 during midday trading on Monday, hitting $30.43. 8,891,078 shares of the company were exchanged, compared to its average volume of 8,783,887. The business has a fifty day simple moving average of $30.01 and a two-hundred day simple moving average of $31.65. 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 firm has a market capitalization of $36.36 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.26%. Kraft Heinz's payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Morgan Stanley started coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock. Evercore ISI reaffirmed an "in-line" rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Piper Sandler reduced their price objective on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.73.

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.