Bridgewater Associates LP lessened its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 30.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,437 shares of the company's stock after selling 91,976 shares during the period. Bridgewater Associates LP's holdings in Kraft Heinz were worth $6,340,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 buying an additional 14,996,486 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kraft Heinz by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock valued at $604,644,000 after buying an additional 595,406 shares in the last quarter. Norges Bank acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $324,857,000. Nordea Investment Management AB boosted its holdings in shares of Kraft Heinz by 16.3% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Kraft Heinz by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company's stock valued at $172,016,000 after buying an additional 293,694 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Price Performance
Shares of KHC traded down $0.18 during trading hours 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 firm has a 50 day simple moving average of $30.02 and a 200-day simple moving average of $31.00. 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 company has a market capitalization of $35.83 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is currently 70.80%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on KHC. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Citigroup reiterated a "sell" rating and set a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. 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 research note on Thursday, February 13th. Jefferies Financial Group decreased their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Finally, Evercore ISI reiterated an "in-line" rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and a consensus price target of $30.69.
Check Out Our Latest Analysis on KHC
Kraft Heinz Company Profile
(
Free Report)
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.
Read More
Before you consider Kraft Heinz, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kraft Heinz wasn't on the list.
While Kraft Heinz currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
