Russell Investments Group Ltd. Has $31.34 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Russell Investments Group Ltd. raised its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 115.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,020,501 shares of the company's stock after purchasing an additional 546,474 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Kraft Heinz worth $31,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its holdings in shares of Kraft Heinz by 3,129.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 12,109 shares of the company's stock valued at $425,000 after purchasing an additional 11,734 shares during the period. IHT Wealth Management LLC bought a new stake in Kraft Heinz in the third quarter valued at approximately $238,000. Wellington Management Group LLP lifted its position in shares of Kraft Heinz by 276.9% in the third quarter. Wellington Management Group LLP now owns 126,653 shares of the company's stock valued at $4,447,000 after buying an additional 93,046 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Kraft Heinz by 16.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 112,241 shares of the company's stock worth $3,941,000 after acquiring an additional 15,747 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in shares of Kraft Heinz by 53.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 55,695 shares of the company's stock worth $1,955,000 after acquiring an additional 19,288 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

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Kraft Heinz Trading Up 1.7 %

Shares of Kraft Heinz stock traded up $0.49 on Friday, hitting $29.33. The stock had a trading volume of 9,710,435 shares, compared to its average volume of 9,047,145. The stock has a 50 day moving average of $29.95 and a 200 day moving average of $31.23. 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 Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The firm has a market capitalization of $35.00 billion, a P/E ratio of 12.98, a PEG ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Sell-side analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.46%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KHC shares. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their price objective for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley began coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target on the stock. Stifel Nicolaus decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Finally, Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Four analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $30.67.

Kraft Heinz Company 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.