Tredje AP fonden increased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 50.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,938 shares of the company's stock after buying an additional 145,650 shares during the period. Tredje AP fonden's holdings in Kraft Heinz were worth $13,265,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. New York Life Investment Management LLC boosted its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock valued at $3,995,000 after buying an additional 361 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Kraft Heinz by 5.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after acquiring an additional 366 shares in the last quarter. Winch Advisory Services LLC grew its holdings in Kraft Heinz by 20.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock worth $70,000 after purchasing an additional 380 shares during the last quarter. Pinnacle Financial Partners Inc increased its position in shares of Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock worth $336,000 after purchasing an additional 381 shares in the last quarter. Finally, Cohen Investment Advisors LLC lifted its holdings in shares of Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after purchasing an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.
Kraft Heinz Stock Performance
Shares of KHC stock traded down $0.27 on Tuesday, hitting $30.39. The company had a trading volume of 7,069,757 shares, compared to its average volume of 8,382,512. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. 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 firm has a market cap of $36.32 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a 50-day moving average price of $29.88 and a 200-day moving average price of $32.06.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (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%. As a group, equities research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.
Kraft Heinz Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.26%. The ex-dividend date is Friday, March 7th. Kraft Heinz's payout ratio is currently 70.80%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on KHC shares. Jefferies Financial Group reduced their target price 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. JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Citigroup cut shares of Kraft Heinz from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Finally, Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $30.86.
Check Out Our Latest Report on KHC
About Kraft Heinz
(
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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