Te Ahumairangi Investment Management Ltd Has $5.68 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Te Ahumairangi Investment Management Ltd reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,883 shares of the company’s stock after selling 3,257 shares during the period. Kraft Heinz comprises approximately 1.2% of Te Ahumairangi Investment Management Ltd’s investment portfolio, making the stock its 26th largest position. Te Ahumairangi Investment Management Ltd’s holdings in Kraft Heinz were worth $5,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KHC. Vanguard Group Inc. raised 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 valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the last quarter. State Street Corp raised its holdings in Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after buying an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC boosted its position in Kraft Heinz by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company’s stock worth $604,644,000 after buying an additional 595,406 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in Kraft Heinz during the 3rd quarter worth approximately $411,304,000. Finally, Norges Bank acquired a new position in Kraft Heinz in the 4th quarter valued at approximately $324,857,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $30.34 on Wednesday. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The firm has a market capitalization of $36.26 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The firm has a fifty day simple moving average of $30.03 and a two-hundred day simple moving average of $31.62. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. Analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.27%. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Evercore ISI restated an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. UBS Group lowered their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Stifel Nicolaus cut 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. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.73.

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.