California State Teachers Retirement System Has $50.26 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

California State Teachers Retirement System grew its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,636,487 shares of the company's stock after acquiring an additional 12,320 shares during the period. California State Teachers Retirement System owned 0.14% of Kraft Heinz worth $50,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of KHC. Headlands Technologies LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $2,048,000. SG Americas Securities LLC boosted its stake in Kraft Heinz by 511.7% in the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after purchasing an additional 35,725 shares during the period. Banque Pictet & Cie SA increased its holdings in Kraft Heinz by 10.8% during the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock worth $2,764,000 after purchasing an additional 8,787 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at about $287,000. Finally, Milestone Asset Management LLC bought a new stake in shares of Kraft Heinz in the fourth quarter valued at about $1,004,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research reports. Stifel Nicolaus decreased their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Cfra Research cut shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Wall Street Zen upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Barclays decreased their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Finally, Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and an average price target of $30.53.

Kraft Heinz Stock Performance

NASDAQ:KHC traded down $0.27 during mid-day trading on Friday, hitting $26.75. The stock had a trading volume of 17,507,338 shares, compared to its average volume of 9,464,649. The company's 50 day simple moving average is $28.61 and its 200 day simple moving average is $29.73. The stock has a market cap of $31.66 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 3.39 and a beta of 0.30. 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 $26.01 and a twelve month high of $36.53.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business's revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.98%. Kraft Heinz's dividend payout ratio is currently 73.06%.

About Kraft Heinz

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.