The Kraft Heinz Company (NASDAQ:KHC) Holdings Lifted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267,837 shares of the company's stock after acquiring an additional 10,702 shares during the period. Price T Rowe Associates Inc. MD owned about 0.10% of Kraft Heinz worth $38,936,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after acquiring an additional 14,996,486 shares during the last quarter. Norges Bank acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $324,857,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Kraft Heinz by 96.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after buying an additional 1,403,220 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Kraft Heinz during the 4th quarter valued at about $39,339,000. Finally, Nordea Investment Management AB grew its position in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after buying an additional 1,238,200 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of KHC traded up $0.14 during mid-day trading on Friday, hitting $28.64. The company's stock had a trading volume of 8,672,936 shares, compared to its average volume of 9,119,260. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $36.75. The stock has a market capitalization of $33.90 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.39 and a beta of 0.30. The firm has a 50-day moving average price of $29.86 and a 200 day moving average price of $30.70. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company 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 5.59%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio is presently 73.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Piper Sandler dropped their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Evercore ISI reissued an "in-line" rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.63.

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.