United Services Automobile Association Buys 1,681 Shares of The Kraft Heinz Company (NASDAQ:KHC)

United Services Automobile Association boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 9.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,048 shares of the company’s stock after purchasing an additional 1,681 shares during the period. United Services Automobile Association’s holdings in Kraft Heinz were worth $616,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

KHC has been the subject of several recent research reports. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Mizuho cut Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Stifel Nicolaus reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Finally, Piper Sandler reduced their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.73.

Kraft Heinz Stock Performance

Shares of KHC opened at $29.12 on Tuesday. 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 moving average of $29.92 and a two-hundred day moving average of $31.85. The stock has a market cap of $34.80 billion, a P/E ratio of 12.89, 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.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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%. As a group, research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.49%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

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.