Legal & General Group Plc lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,640,770 shares of the company's stock after selling 1,718,260 shares during the quarter. Legal & General Group Plc owned about 0.55% of Kraft Heinz worth $203,938,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the 4th quarter worth $25,000. Generali Investments Management Co LLC purchased a new position in Kraft Heinz in the fourth quarter valued at about $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $29,000. R Squared Ltd acquired a new position in Kraft Heinz during the fourth quarter worth $34,000. Finally, OFI Invest Asset Management acquired a new stake in Kraft Heinz in the fourth quarter valued at $36,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.
Kraft Heinz Trading Down 1.0 %
Shares of KHC traded down $0.30 during trading hours on Tuesday, hitting $29.50. The stock had a trading volume of 2,647,471 shares, compared to its average volume of 9,019,321. The company's fifty day simple moving average is $29.97 and its 200 day simple moving average is $31.19. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The firm has a market cap of $35.21 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.39 and a beta of 0.44.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. Equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is currently 70.80%.
Wall Street Analysts Forecast Growth
KHC has been the topic of several recent research reports. TD Cowen decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Citigroup reiterated a "sell" rating and set a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Jefferies Financial Group reduced their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Finally, Barclays dropped their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $30.67.
Read Our Latest Report on KHC
Kraft Heinz Profile
(
Free Report)
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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