California State Teachers Retirement System increased its stake in Kraft Heinz Co (NASDAQ:KHC) by 6.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,127,819 shares of the company’s stock after acquiring an additional 68,766 shares during the quarter. California State Teachers Retirement System’s holdings in Kraft Heinz were worth $87,699,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of KHC. U S Global Investors Inc. purchased a new stake in shares of Kraft Heinz during the second quarter worth $388,000. Iberiabank Corp grew its holdings in shares of Kraft Heinz by 7.4% during the third quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock worth $1,588,000 after buying an additional 1,415 shares in the last quarter. Gemmer Asset Management LLC grew its holdings in shares of Kraft Heinz by 26.0% during the fourth quarter. Gemmer Asset Management LLC now owns 13,361 shares of the company’s stock worth $1,039,000 after buying an additional 2,758 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Kraft Heinz by 198.3% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 401,219 shares of the company’s stock worth $31,115,000 after buying an additional 266,720 shares in the last quarter. Finally, Albion Financial Group UT grew its holdings in shares of Kraft Heinz by 3.7% during the third quarter. Albion Financial Group UT now owns 47,757 shares of the company’s stock worth $3,704,000 after buying an additional 1,719 shares in the last quarter. 63.24% of the stock is owned by institutional investors.
Kraft Heinz Co (KHC) opened at $67.70 on Tuesday. Kraft Heinz Co has a 1 year low of $66.36 and a 1 year high of $93.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44. The company has a market cap of $82,510.00 and a PE ratio of 20.77.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.625 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a yield of 3.69%. Kraft Heinz’s payout ratio is currently 76.69%.
A number of research firms have recently issued reports on KHC. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Jefferies Group assumed coverage on shares of Kraft Heinz in a report on Friday, January 19th. They set a “buy” rating and a $95.00 target price for the company. Piper Jaffray Companies reissued an “overweight” rating and set a $94.00 price target (up previously from $90.00) on shares of Kraft Heinz in a research report on Tuesday, January 30th. BidaskClub cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, Vetr raised shares of Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price target on the stock in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus 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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