New York State Common Retirement Fund boosted its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,782,256 shares of the company’s stock after buying an additional 10,716 shares during the period. New York State Common Retirement Fund’s holdings in Kraft Heinz were worth $58,191,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its position in shares of Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares during the period. SignalPoint Asset Management LLC lifted its position in Kraft Heinz by 4.9% during the fourth quarter. SignalPoint Asset Management LLC now owns 5,619 shares of the company’s stock valued at $241,000 after purchasing an additional 263 shares during the last quarter. NuWave Investment Management LLC lifted its position in Kraft Heinz by 11,462.6% during the fourth quarter. NuWave Investment Management LLC now owns 11,447 shares of the company’s stock valued at $493,000 after purchasing an additional 11,348 shares during the last quarter. Northstar Group Inc. lifted its position in Kraft Heinz by 6.0% during the fourth quarter. Northstar Group Inc. now owns 8,256 shares of the company’s stock valued at $351,000 after purchasing an additional 470 shares during the last quarter. Finally, Sicart Associates LLC bought a new stake in Kraft Heinz during the fourth quarter valued at approximately $3,750,000. 60.24% of the stock is currently owned by institutional investors.
KHC stock opened at $31.88 on Thursday. The company has a market cap of $39.00 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.58. Kraft Heinz Co has a one year low of $31.53 and a one year high of $64.99. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Thursday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 45.33%.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. UBS Group dropped their target price on shares of Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Zacks Investment Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Piper Jaffray Companies lowered shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $35.00 to $31.00 in a research report on Wednesday, April 24th. Finally, Wolfe Research lowered shares of Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 target price for the company. in a research report on Friday, March 29th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.17.
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About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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