New York State Teachers Retirement System Has $17.98 Million Position in Kraft Heinz Company (NASDAQ:KHC)

New York State Teachers Retirement System lowered its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 590,735 shares of the company's stock after selling 59,306 shares during the period. New York State Teachers Retirement System's holdings in Kraft Heinz were worth $17,976,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Kraft Heinz by 1.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock valued at $1,097,000 after purchasing an additional 370 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in shares of Kraft Heinz by 4.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company's stock valued at $307,000 after acquiring an additional 386 shares during the period. Johnson Investment Counsel Inc. lifted its stake in Kraft Heinz by 1.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company's stock valued at $779,000 after purchasing an additional 397 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Kraft Heinz by 0.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock worth $2,101,000 after acquiring an additional 397 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in Kraft Heinz by 3.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company's stock worth $427,000 after purchasing an additional 408 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Up 1.7%

KHC opened at $27.06 on Thursday. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53. The company has a market cap of $32.03 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 3.11 and a beta of 0.25. The company has a fifty day moving average price of $27.09 and a two-hundred day moving average price of $28.93. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42.

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, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The business's revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Friday, May 30th. Kraft Heinz's dividend payout ratio is 73.06%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley started coverage on Kraft Heinz in a research report on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Finally, Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.47.

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.

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