UniSuper Management Pty Ltd Buys 18,902 Shares of The Kraft Heinz Company (NASDAQ:KHC)

UniSuper Management Pty Ltd grew its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,194 shares of the company's stock after buying an additional 18,902 shares during the period. UniSuper Management Pty Ltd's holdings in Kraft Heinz were worth $2,801,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Brookstone Capital Management raised its holdings in shares of Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after buying an additional 238,913 shares in the last quarter. Toronto Dominion Bank grew its position in Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock valued at $17,132,000 after acquiring an additional 54,656 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after acquiring an additional 1,238,200 shares in the last quarter. FLC Capital Advisors lifted its holdings in shares of Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after acquiring an additional 10,214 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Kraft Heinz by 511.7% in the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock valued at $1,312,000 after purchasing an additional 35,725 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have weighed in on KHC. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Wells Fargo & Company lowered their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Morgan Stanley assumed coverage on Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target on the stock. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $30.73.

Kraft Heinz Trading Up 3.1 %

Shares of KHC traded up $0.93 during trading hours on Thursday, reaching $31.06. 3,890,838 shares of the company traded hands, compared to its average volume of 10,562,082. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company's fifty day moving average price is $30.05 and its two-hundred day moving average price is $31.60. The company has a market capitalization of $37.07 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

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, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Equities research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

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 $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.15%. Kraft Heinz's payout ratio is 70.80%.

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.