Ontario Teachers Pension Plan Board Invests $263,000 in The Kraft Heinz Company (NASDAQ:KHC)

Ontario Teachers Pension Plan Board bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,573 shares of the company's stock, valued at approximately $263,000.

Other large investors have also recently made changes to their positions in the company. Brookstone Capital Management boosted its position in shares of Kraft Heinz by 229.8% in the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after purchasing an additional 238,913 shares during the period. Headlands Technologies LLC acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $2,048,000. Nordea Investment Management AB lifted its position in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the period. FLC Capital Advisors lifted its position in Kraft Heinz by 121.0% during the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after acquiring an additional 10,214 shares during the period. Finally, SG Americas Securities LLC lifted its position in Kraft Heinz by 511.7% during the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after acquiring an additional 35,725 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group decreased their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Piper Sandler decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Stifel Nicolaus cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $30.69.

Kraft Heinz Price Performance

Shares of NASDAQ KHC traded down $0.18 during trading on Wednesday, reaching $30.02. The company had a trading volume of 2,558,608 shares, compared to its average volume of 9,034,749. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $35.83 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The stock has a 50-day moving average price of $30.02 and a two-hundred day moving average price of $31.00.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, sell-side analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.33%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz 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.