University of Texas Texas AM Investment Management Co. Decreases Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

University of Texas Texas AM Investment Management Co. cut its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,551 shares of the company's stock after selling 10,128 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in Kraft Heinz were worth $1,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after purchasing an additional 361 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Kraft Heinz by 5.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after buying an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock valued at $1,097,000 after buying an additional 370 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in 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 worth $307,000 after acquiring an additional 386 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in Kraft Heinz by 3.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company's stock valued at $427,000 after purchasing an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

KHC has been the subject of a number of analyst reports. Piper Sandler cut their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Stifel Nicolaus decreased their target price 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. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, Barclays lowered their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and an average target price of $30.65.

Kraft Heinz Stock Performance

Kraft Heinz stock traded down $0.25 during mid-day trading on Wednesday, reaching $26.58. 3,905,322 shares of the stock traded hands, compared to its average volume of 9,387,984. The stock has a market capitalization of $31.45 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The business's 50-day moving average is $28.76 and its 200-day moving average is $29.86. The Kraft Heinz Company has a 12-month low of $26.01 and a 12-month high of $36.53.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.02%. Kraft Heinz's payout ratio is 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.