The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,219 shares of the company's stock after selling 33,692 shares during the period. USS Investment Management Ltd's holdings in Kraft Heinz were worth $10,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Generali Investments Management Co LLC purchased a new position in Kraft Heinz in the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz in the fourth quarter valued at $29,000. R Squared Ltd purchased a new position in Kraft Heinz in the fourth quarter valued at $34,000. OFI Invest Asset Management purchased a new position in Kraft Heinz in the fourth quarter valued at $36,000. Finally, Kennondale Capital Management LLC purchased a new position in Kraft Heinz in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KHC. Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group cut their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. Morgan Stanley assumed coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 target price for the company. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, Cfra Research cut shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and a consensus target price of $30.65.

Kraft Heinz Price Performance

KHC traded down $0.20 on Friday, reaching $26.30. 10,298,023 shares of the company's stock were exchanged, compared to its average volume of 9,387,174. The stock has a market cap of $31.13 billion, a PE ratio of 11.64, a P/E/G ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a twelve month low of $26.01 and a twelve month high of $36.53. The stock's fifty day moving average price is $28.89 and its 200-day moving average price is $29.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

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

Kraft Heinz Announces Dividend

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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is currently 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.