Ensign Peak Advisors Inc Has $18.56 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Ensign Peak Advisors Inc lessened its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 604,472 shares of the company's stock after selling 132,613 shares during the quarter. Ensign Peak Advisors Inc's holdings in Kraft Heinz were worth $18,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KHC. Sawyer & Company Inc bought a new position in Kraft Heinz during the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz during the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new position in Kraft Heinz in the 4th quarter valued at about $36,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Trading Down 1.4%

Shares of KHC stock opened at $28.08 on Monday. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $36.70. The stock's fifty day moving average price is $29.61 and its two-hundred day moving average price is $30.38. 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 company has a market cap of $33.23 billion, a PE ratio of 12.42, a P/E/G ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the firm posted $0.69 earnings per share. Kraft Heinz's revenue was down 6.4% compared to the same quarter last year. Equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein downgraded shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Barclays lowered their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley assumed coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target on the stock. Four research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.65.

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.

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