Public Employees Retirement System of Ohio lowered its position in Kraft Heinz Co (NASDAQ:KHC) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 415,706 shares of the company’s stock after selling 11,213 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kraft Heinz were worth $32,238,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after buying an additional 487,241 shares during the last quarter. BlackRock Inc. grew its stake in shares of Kraft Heinz by 1.7% in the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after buying an additional 562,183 shares during the last quarter. FMR LLC grew its stake in shares of Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after buying an additional 2,659,846 shares during the last quarter. Morgan Stanley grew its stake in shares of Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after buying an additional 2,988,664 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Kraft Heinz by 9.0% in the 1st quarter. Geode Capital Management LLC now owns 6,357,247 shares of the company’s stock worth $576,547,000 after buying an additional 523,375 shares during the last quarter. 62.02% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on KHC shares. UBS restated a “buy” rating and issued a $89.00 price target (down previously from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price target on Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. Piper Jaffray Companies upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $84.00 target price on shares of Kraft Heinz in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Kraft Heinz has an average rating of “Buy” and an average price target of $92.49.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. research analysts predict that Kraft Heinz Co will post 3.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were paid a $0.625 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.21%. Kraft Heinz’s dividend payout ratio (DPR) is currently 77.88%.
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About Kraft Heinz
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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