Meadow Creek Investment Management LLC trimmed its stake in Kraft Heinz Co (NASDAQ:KHC) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,704 shares of the company’s stock after selling 3,668 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Kraft Heinz were worth $10,163,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. increased its stake in Kraft Heinz by 9.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 130,838 shares of the company’s stock valued at $10,173,000 after purchasing an additional 10,803 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Kraft Heinz in the fourth quarter valued at $554,000. TIAA CREF Investment Management LLC increased its stake in Kraft Heinz by 4.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 5,793,738 shares of the company’s stock valued at $450,521,000 after purchasing an additional 239,270 shares during the last quarter. Teachers Advisors LLC increased its stake in Kraft Heinz by 25.1% in the fourth quarter. Teachers Advisors LLC now owns 3,256,025 shares of the company’s stock valued at $253,189,000 after purchasing an additional 654,199 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in Kraft Heinz in the fourth quarter valued at $1,026,000. 63.24% of the stock is owned by institutional investors.
Shares of Kraft Heinz Co (KHC) opened at $67.37 on Wednesday. Kraft Heinz Co has a 1 year low of $66.36 and a 1 year high of $93.88. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $82,110.00 and a PE ratio of 20.67.
Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Friday, February 16th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same period in the previous year, the company earned $0.08 EPS. Kraft Heinz’s quarterly revenue was up .3% on a year-over-year basis. research analysts expect that Kraft Heinz Co will post 3.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s payout ratio is 76.69%.
Several equities research analysts have commented on the company. Credit Suisse Group upgraded Kraft Heinz to a “buy” rating and set a $77.00 price target for the company in a research note on Monday, February 26th. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Barclays restated a “buy” rating and set a $80.00 price target (down from $94.00) on shares of Kraft Heinz in a research note on Sunday, February 18th. Piper Jaffray Companies restated an “overweight” rating and set a $94.00 price target (up from $90.00) on shares of Kraft Heinz in a research note on Tuesday, January 30th. Finally, Argus restated a “buy” rating and set a $74.00 price target (down from $93.00) on shares of Kraft Heinz in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $85.78.
Kraft Heinz Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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