California Public Employees Retirement System Raises Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

California Public Employees Retirement System boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,687,502 shares of the company’s stock after acquiring an additional 12,583 shares during the period. California Public Employees Retirement System owned 0.47% of Kraft Heinz worth $174,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter worth $66,000. Cornercap Investment Counsel Inc. boosted its holdings in Kraft Heinz by 37.9% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 51,748 shares of the company’s stock worth $1,589,000 after acquiring an additional 14,232 shares in the last quarter. Allstate Corp purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $824,000. Maridea Wealth Management LLC acquired a new position in shares of Kraft Heinz during the fourth quarter valued at about $483,000. Finally, New Age Alpha Advisors LLC raised its position in shares of Kraft Heinz by 7,796.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 34,192 shares of the company’s stock valued at $1,050,000 after purchasing an additional 33,759 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.6 %

KHC stock opened at $30.24 on Monday. The firm’s fifty day moving average is $29.99 and its 200 day moving average is $31.69. The firm has a market cap of $36.14 billion, a PE ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.29%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Analyst Ratings Changes

A number of brokerages have issued reports on KHC. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Barclays cut their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group lowered their price target 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. Morgan Stanley began coverage on Kraft Heinz in a report on Monday, March 24th. They issued an “underweight” rating and a $29.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.73.

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.