Teachers Advisors LLC lifted its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,256,025 shares of the company’s stock after purchasing an additional 654,199 shares during the period. Teachers Advisors LLC owned about 0.27% of Kraft Heinz worth $253,189,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Kraft Heinz by 4.6% in the fourth quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock worth $2,727,351,000 after acquiring an additional 1,551,823 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Kraft Heinz by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 7,946,677 shares of the company’s stock worth $617,932,000 after acquiring an additional 290,717 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kraft Heinz by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 6,822,492 shares of the company’s stock worth $529,480,000 after acquiring an additional 202,168 shares during the period. American International Group Inc. lifted its stake in shares of Kraft Heinz by 1,928.1% in the fourth quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock worth $475,186,000 after acquiring an additional 5,809,615 shares during the period. Finally, Standard Life Aberdeen plc lifted its stake in shares of Kraft Heinz by 3.4% in the fourth quarter. Standard Life Aberdeen plc now owns 5,243,003 shares of the company’s stock worth $407,826,000 after acquiring an additional 174,649 shares during the period. Institutional investors own 63.24% of the company’s stock.
Kraft Heinz Co (NASDAQ:KHC) opened at $67.42 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. Kraft Heinz Co has a 12 month low of $66.36 and a 12 month high of $93.88. The stock has a market capitalization of $81,945.04, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.82 and a beta of 0.58.
The company 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 dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s payout ratio is 27.90%.
KHC has been the topic of a number of recent analyst reports. Barclays reaffirmed a “buy” rating and issued a $80.00 price objective (down from $94.00) on shares of Kraft Heinz in a research note on Sunday, February 18th. Jefferies Group reissued a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Friday, February 16th. Bank of America set a $100.00 price target on Kraft Heinz and gave the company a “buy” rating in a research note on Thursday, February 15th. Morgan Stanley set a $88.00 price target on Kraft Heinz and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, DZ Bank raised Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $85.78.
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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