Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.07 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 19.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 327,940 shares of the company’s stock after selling 78,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kraft Heinz were worth $10,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC raised its holdings in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after acquiring an additional 380 shares during the period. Pinnacle Financial Partners Inc increased its holdings in Kraft Heinz by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after purchasing an additional 381 shares in the last quarter. Smith Thornton Advisors LLC raised its stake in shares of Kraft Heinz by 2.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock valued at $727,000 after purchasing an additional 435 shares during the period. Cohen Investment Advisors LLC lifted its holdings in shares of Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after purchasing an additional 487 shares in the last quarter. Finally, LMG Wealth Partners LLC boosted its position in shares of Kraft Heinz by 1.4% during the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock worth $1,137,000 after buying an additional 498 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on KHC. 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. Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, Evercore ISI restated an “in-line” rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Trading Up 3.2 %

Kraft Heinz stock opened at $31.13 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a 50-day simple moving average of $29.73 and a 200 day simple moving average of $32.53. The stock has a market capitalization of $37.20 billion, a P/E ratio of 13.77, a PEG ratio of 3.39 and a beta of 0.47. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its 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%. Analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is presently 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.