2 weeks Ago By ABMN Staff
Federated Hermes Inc. reduced its holdings in The Kraft Heinz Company ( NASDAQ:KHC – Free Report ) by 16.0% during the fourth quarter, Holdings Channel reports.
The firm owned 3,213 shares of the company’s stock after selling 612 shares during the period. Federated Hermes Inc.’s holdings in Kraft Heinz were worth $99,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Kraft Heinz by 19.
9% during the fourth 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 during the period.
Norges Bank bought a new position in Kraft Heinz in the 4th quarter worth $324,857,000. Thompson Siegel & Walmsley LLC increased its position in Kraft Heinz by 96.4% in the 4th quarter.
Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock worth $87,777,000 after buying an additional 1,403,220 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Kraft Heinz during the fourth quarter valued at about $39,339,000.
Finally, Nordea Investment Management AB raised its stake in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares in the last quarter.
78.17% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of research analysts have issued reports on KHC shares.
JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $32.00 to $31.
00 and set a “neutral” rating for the company in a report on Thursday, February 13th. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th.
Morgan Stanley assumed coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an “underweight” rating and a $29.00 price objective for the company.
Piper Sandler decreased their target price 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.
Finally, TD Cowen lowered their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th.
Four analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.67.
Kraft Heinz Trading Up 2.3 % Shares of Kraft Heinz stock opened at $29.46 on Friday.
The firm’s 50-day moving average price is $29.98 and its two-hundred day moving average price is $31.08.
The company has a market capitalization of $35.16 billion, a price-to-earnings ratio of 13.04, 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. The company has a quick ratio of 0.
59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.
Kraft Heinz ( NASDAQ:KHC – Get Free Report ) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.
78 by $0.06. Kraft Heinz had a return on equity of 7.
58% and a net margin of 10.62%. On average, analysts forecast that The Kraft Heinz Company will post 2.
68 earnings per share for the current fiscal year. Kraft Heinz Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.
40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.
43%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.
80%. Kraft Heinz 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.
See Also Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company ( NASDAQ:KHC – Free Report ). Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.
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