The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,525,110 shares of the company's stock after acquiring an additional 174,706 shares during the quarter. Dimensional Fund Advisors LP owned 0.54% of Kraft Heinz worth $200,369,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in Kraft Heinz during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Kraft Heinz in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KHC. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. UBS Group decreased 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. StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Finally, Barclays lowered their price target 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. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.69.

Kraft Heinz Trading Up 0.9 %

Shares of NASDAQ:KHC opened at $30.20 on Wednesday. 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 50-day moving average price is $30.02 and its 200 day moving average price is $31.00. The company has a market cap of $36.04 billion, a PE ratio of 13.36, a P/E/G ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate 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. Stockholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 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.

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