The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board increased its stake in The Kraft Heinz Company (NASDAQ:KHC) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 42,075 shares of the company’s stock after buying an additional 3,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Kraft Heinz were worth $1,292,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz in the third quarter worth about $27,000. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the fourth quarter worth about $25,000. Capital Performance Advisors LLP acquired a new stake in Kraft Heinz in the third quarter worth about $33,000. Finally, Larson Financial Group LLC lifted its holdings in Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research reports. Evercore ISI reiterated an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Bank of America cut shares of 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. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Price Performance

Shares of KHC opened at $28.92 on Tuesday. The company has a market capitalization of $34.97 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The business’s 50-day moving average is $29.90 and its 200-day moving average is $32.72.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.53%. Kraft Heinz’s payout ratio is 144.14%.

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.