Canada Pension Plan Investment Board Has $61.16 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Canada Pension Plan Investment Board cut its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,991,529 shares of the company's stock after selling 245,443 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.16% of Kraft Heinz worth $61,160,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in Kraft Heinz by 99.1% in the 4th quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock valued at $874,000 after acquiring an additional 14,169 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Kraft Heinz by 36.4% during the fourth quarter. NewEdge Advisors LLC now owns 69,732 shares of the company's stock valued at $2,141,000 after buying an additional 18,593 shares in the last quarter. United Capital Financial Advisors LLC lifted its position in shares of Kraft Heinz by 108.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 22,012 shares of the company's stock worth $676,000 after purchasing an additional 11,436 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Kraft Heinz by 194.0% during the 4th quarter. Jump Financial LLC now owns 152,984 shares of the company's stock valued at $4,698,000 after acquiring an additional 100,954 shares in the last quarter. Finally, Anchor Investment Management LLC raised its stake in shares of Kraft Heinz by 57.3% during the 4th quarter. Anchor Investment Management LLC now owns 2,031 shares of the company's stock worth $62,000 after purchasing an additional 740 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded up $0.48 during midday trading on Monday, reaching $29.94. The company had a trading volume of 6,918,084 shares, compared to its average volume of 9,051,726. The company has a market capitalization of $35.73 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. 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 stock has a fifty day simple moving average of $30.01 and a 200 day simple moving average of $31.01. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96.

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 (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KHC. Barclays decreased their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. TD Cowen reduced their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, Citigroup reaffirmed a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of "Hold" and a consensus target price of $30.67.

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.