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

Korea Investment CORP raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 724,741 shares of the company’s stock after acquiring an additional 4,087 shares during the period. Korea Investment CORP’s holdings in Kraft Heinz were worth $22,257,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sawyer & Company Inc bought a new stake in Kraft Heinz in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new stake in Kraft Heinz during the fourth quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC raised its holdings in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $34,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KHC. Stifel Nicolaus lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. UBS Group reduced their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company dropped 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 report on Thursday, February 13th. Finally, StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.73.

Kraft Heinz Stock Up 0.6 %

Shares of NASDAQ KHC opened at $30.24 on Friday. The firm 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 company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The firm’s 50-day moving average is $29.99 and its 200-day moving average is $31.71.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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 analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid 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 payout ratio is 70.80%.

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.