Schroder Investment Management Group Lowers Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Schroder Investment Management Group lowered its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,692,578 shares of the company’s stock after selling 36,172 shares during the quarter. Schroder Investment Management Group’s holdings in Kraft Heinz were worth $82,689,000 at the end of the most recent reporting period.

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

Kraft Heinz Stock Up 0.6 %

Shares of KHC opened at $30.24 on Monday. The firm has a fifty day moving average price of $29.99 and a 200-day moving average price of $31.69. 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 firm has a market capitalization of $36.14 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

A number of research firms have recently commented on KHC. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. TD Cowen dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Evercore ISI restated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price objective 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. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and an average target price of $30.73.

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.