Teachers Retirement System of The State of Kentucky Has $17.17 Million Stake in Kraft Heinz Company (NASDAQ:KHC)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 834.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 564,178 shares of the company's stock after purchasing an additional 503,821 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Kraft Heinz were worth $17,168,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Kraft Heinz by 19.9% during the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after acquiring an additional 14,996,486 shares during the last quarter. Norges Bank acquired a new stake in Kraft Heinz in the fourth quarter valued at $324,857,000. Southeastern Asset Management Inc. TN acquired a new stake in Kraft Heinz in the fourth quarter valued at $87,080,000. Fairfax Financial Holdings Ltd. Can raised its stake in shares of Kraft Heinz by 341.9% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock worth $101,773,000 after buying an additional 2,564,000 shares during the last quarter. Finally, Criteria Caixa S.A.U. acquired a new position in shares of Kraft Heinz during the 4th quarter worth $73,316,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on KHC shares. UBS Group cut their target price on shares of Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Citigroup restated a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $30.29.

Kraft Heinz Stock Performance

Shares of KHC traded down $0.12 during trading hours on Thursday, reaching $28.82. 2,888,678 shares of the company's stock traded hands, compared to its average volume of 12,430,868. The business's fifty day simple moving average is $26.72 and its two-hundred day simple moving average is $28.58. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The firm has a market capitalization of $34.11 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 3.37 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. Kraft Heinz's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. Analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.55%. Kraft Heinz's dividend payout ratio is currently 73.06%.

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.