Korea Investment CORP Has $22.26 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Korea Investment CORP boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 724,741 shares of the company’s stock after purchasing an additional 4,087 shares during the period. Korea Investment CORP owned 0.06% of Kraft Heinz worth $22,257,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its position in Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock valued at $3,995,000 after buying an additional 361 shares during the period. Checchi Capital Advisers LLC grew its stake in Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after acquiring an additional 366 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Kraft Heinz by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company’s stock valued at $1,097,000 after purchasing an additional 370 shares during the period. Winch Advisory Services LLC lifted its position in shares of Kraft Heinz by 20.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares in the last quarter. Finally, Cohen Investment Advisors LLC boosted its holdings in shares of Kraft Heinz by 5.0% during the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock worth $315,000 after purchasing an additional 487 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $30.24 on Friday. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The firm has a fifty day simple moving average of $29.99 and a 200-day simple moving average of $31.71. 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 stock has a market capitalization of $36.14 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last released 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%. On average, sell-side analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KHC shares. TD Cowen dropped 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. Barclays cut their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat, Kraft Heinz has an average rating of “Hold” and an average price target of $30.73.

Kraft Heinz Company Profile

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.