The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by State of Wyoming

State of Wyoming grew its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 157.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,191 shares of the company's stock after purchasing an additional 9,903 shares during the period. State of Wyoming's holdings in Kraft Heinz were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the last quarter. Geode Capital Management LLC grew its position in Kraft Heinz by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after acquiring an additional 595,406 shares during the period. Norges Bank acquired a new stake in Kraft Heinz during the fourth quarter worth $324,857,000. Northern Trust Corp raised its position in Kraft Heinz by 12.6% in the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after purchasing an additional 1,039,885 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Kraft Heinz by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,525,110 shares of the company's stock valued at $200,369,000 after purchasing an additional 174,706 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Up 0.5%

NASDAQ KHC opened at $27.88 on Tuesday. The Kraft Heinz Company has a 52 week low of $27.14 and a 52 week high of $36.53. The firm has a 50 day moving average of $29.17 and a two-hundred day moving average of $30.11. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $33.00 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company's revenue was down 6.4% compared to the same quarter last year. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KHC shares. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Citigroup reiterated a "sell" rating and set a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Piper Sandler decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $30.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.