Bank of Montreal Can Has $53.16 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bank of Montreal Can decreased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,731,026 shares of the company's stock after selling 22,777 shares during the period. Bank of Montreal Can owned approximately 0.14% of Kraft Heinz worth $53,160,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the last quarter. Norges Bank acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $324,857,000. Geode Capital Management LLC lifted its holdings in shares of Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after purchasing an additional 1,944,019 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Kraft Heinz by 96.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after purchasing an additional 1,403,220 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Kraft Heinz during the 4th quarter worth about $39,339,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC traded down $0.30 during trading on Tuesday, reaching $29.50. The company had a trading volume of 2,647,471 shares, compared to its average volume of 9,019,321. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The business's 50 day moving average price is $29.97 and its 200-day moving average price is $31.19. The stock has a market cap of $35.21 billion, a PE ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS 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%. Analysts expect 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 $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.42%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group reduced their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Evercore ISI reissued an "in-line" rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Barclays lowered their target price on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company 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.