Schroder Investment Management Group Trims Stake in The Kraft Heinz Company (NASDAQ:KHC)

Schroder Investment Management Group lessened its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,692,578 shares of the company’s stock after selling 36,172 shares during the quarter. Schroder Investment Management Group owned approximately 0.22% of Kraft Heinz worth $82,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Kraft Heinz by 19.9% during the 4th 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 in the last quarter. State Street Corp boosted its stake in Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after acquiring an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after purchasing an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $411,304,000. Finally, Norges Bank bought a new position in Kraft Heinz during the 4th quarter valued at approximately $324,857,000. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KHC has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. 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 target for the company. Finally, Jefferies Financial Group lowered their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.73.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $30.24 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $36.14 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The firm’s 50 day moving average price is $29.99 and its 200-day moving average price is $31.69. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business 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 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

About Kraft Heinz

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.