Rhumbline Advisers Increases Stake in The Kraft Heinz Company (NASDAQ:KHC)

Rhumbline Advisers lifted its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,973,946 shares of the company's stock after purchasing an additional 121,175 shares during the period. Rhumbline Advisers owned 0.16% of Kraft Heinz worth $60,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KHC. AMF Tjanstepension AB grew its holdings in Kraft Heinz by 143.4% during the 3rd quarter. AMF Tjanstepension AB now owns 245,522 shares of the company's stock worth $8,620,000 after acquiring an additional 144,646 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Kraft Heinz by 4.2% during the third quarter. Bleakley Financial Group LLC now owns 18,870 shares of the company's stock valued at $663,000 after purchasing an additional 758 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Kraft Heinz by 12.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 113,290 shares of the company's stock valued at $3,978,000 after buying an additional 12,728 shares during the period. V Square Quantitative Management LLC increased its holdings in Kraft Heinz by 21.2% during the third quarter. V Square Quantitative Management LLC now owns 7,938 shares of the company's stock valued at $279,000 after buying an additional 1,390 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new position in Kraft Heinz in the third quarter worth approximately $357,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded up $0.37 during midday trading on Thursday, reaching $30.16. The company had a trading volume of 8,637,687 shares, compared to its average volume of 9,914,336. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The business's 50-day simple moving average is $29.77 and its 200 day simple moving average is $32.60. 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 market cap of $36.03 billion, a P/E ratio of 13.34, a P/E/G ratio of 3.29 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) 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%. On average, analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share 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. Investors of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Kraft Heinz from a "hold" rating to a "sell" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a "buy" rating to a "hold" rating and cut their target price for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Piper Sandler cut their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and an average price target of $30.86.

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.