AustralianSuper Pty Ltd Has $15.56 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

AustralianSuper Pty Ltd raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 137.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 506,587 shares of the company’s stock after buying an additional 293,459 shares during the period. AustralianSuper Pty Ltd’s holdings in Kraft Heinz were worth $15,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of KHC. Banque Pictet & Cie SA lifted its position in Kraft Heinz by 10.8% during the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company’s stock worth $2,764,000 after buying an additional 8,787 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Kraft Heinz by 14.0% during the 4th quarter. V Square Quantitative Management LLC now owns 9,047 shares of the company’s stock worth $278,000 after purchasing an additional 1,109 shares during the last quarter. First Merchants Corp grew its stake in Kraft Heinz by 30.6% in the 4th quarter. First Merchants Corp now owns 7,546 shares of the company’s stock valued at $232,000 after buying an additional 1,767 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Kraft Heinz by 10.0% in the 4th quarter. Vontobel Holding Ltd. now owns 435,102 shares of the company’s stock valued at $13,362,000 after buying an additional 39,471 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC grew its stake in Kraft Heinz by 41.7% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 14,313 shares of the company’s stock valued at $440,000 after buying an additional 4,212 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KHC. Barclays cut their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday. UBS Group dropped their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday. TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Stock Down 1.1 %

Shares of KHC opened at $28.92 on Friday. The firm has a market capitalization of $34.97 billion, a P/E ratio of 26.05, a P/E/G ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average price of $29.94 and a 200-day moving average price of $32.77.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. Equities research analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.53%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Kraft Heinz 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.