Swiss National Bank Has $78.67 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Swiss National Bank lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,561,742 shares of the company's stock after selling 141,100 shares during the period. Swiss National Bank owned about 0.21% of Kraft Heinz worth $78,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in Kraft Heinz during the fourth quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz during the 3rd quarter valued at about $27,000. Larson Financial Group LLC raised its stake in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock valued at $34,000 after acquiring an additional 636 shares in the last quarter. R Squared Ltd bought a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new stake in Kraft Heinz in the 4th quarter worth approximately $36,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KHC has been the topic of a number of recent analyst reports. StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price target on 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. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $30.86.

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Kraft Heinz Price Performance

KHC traded down $0.50 during midday trading on Wednesday, reaching $29.89. 14,541,526 shares of the company's stock were exchanged, compared to its average volume of 8,403,392. 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 business has a 50-day simple moving average of $29.89 and a two-hundred day simple moving average of $32.03. The firm has a market capitalization of $35.72 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS 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%. As a group, research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is currently 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.