Teacher Retirement System of Texas Has $5.32 Million Stake in Kraft Heinz Company (NASDAQ:KHC)

Teacher Retirement System of Texas boosted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 226.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,665 shares of the company's stock after purchasing an additional 121,178 shares during the period. Teacher Retirement System of Texas' holdings in Kraft Heinz were worth $5,315,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $2,048,000. Versant Capital Management Inc boosted its stake in shares of Kraft Heinz by 493.4% during the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock worth $376,000 after acquiring an additional 10,272 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Kraft Heinz by 58.3% during the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock valued at $671,000 after purchasing an additional 8,144 shares during the period. GAMMA Investing LLC increased its holdings in Kraft Heinz by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock valued at $481,000 after acquiring an additional 3,468 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Kraft Heinz by 53.7% in the 1st quarter. First Horizon Advisors Inc. now owns 686,862 shares of the company's stock valued at $20,901,000 after acquiring an additional 240,037 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup reissued a "sell" rating and issued a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Morgan Stanley started coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective on the stock. Sanford C. Bernstein downgraded shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and a consensus target price of $30.47.

Kraft Heinz Stock Performance

Shares of KHC traded up $0.35 during trading hours on Tuesday, reaching $26.43. 12,622,619 shares of the company's stock traded hands, compared to its average volume of 10,103,519. The business's fifty day simple moving average is $26.92 and its two-hundred day simple moving average is $28.81. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 3.12 and a beta of 0.25. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. 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 earnings results 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. The company had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The business's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.05%. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

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.