Capital World Investors Has $102.91 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Capital World Investors lowered its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 73.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,351,000 shares of the company's stock after selling 9,101,416 shares during the period. Capital World Investors owned approximately 0.28% of Kraft Heinz worth $102,909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KHC. New York Life Investment Management LLC lifted its position in shares of Kraft Heinz by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after purchasing an additional 361 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after purchasing an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after purchasing an additional 370 shares during the last quarter. Winch Advisory Services LLC lifted its position in shares of Kraft Heinz by 20.1% during the 4th 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. Finally, Cohen Investment Advisors LLC lifted its position 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 worth $315,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Down 0.5 %

KHC traded down $0.15 during mid-day trading on Friday, reaching $29.49. The stock had a trading volume of 8,152,654 shares, compared to its average volume of 9,091,858. The firm's fifty day simple moving average is $30.07 and its two-hundred day simple moving average is $30.87. The stock has a market capitalization of $35.19 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (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%. On average, equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.43%. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KHC. TD Cowen cut their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Barclays cut their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Morgan Stanley began coverage on Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target for the company. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $30.69.

Kraft Heinz 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.