Elo Mutual Pension Insurance Co Has $2.83 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Elo Mutual Pension Insurance Co cut its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,008 shares of the company’s stock after selling 5,024 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Kraft Heinz were worth $2,826,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock valued at $2,779,524,000 after buying an additional 14,996,486 shares during the period. State Street Corp boosted its stake in shares of Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Kraft Heinz during the third quarter valued at about $411,304,000. Finally, Nordea Investment Management AB grew its holdings in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

KHC has been the topic of several recent analyst reports. Evercore ISI restated an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Wells Fargo & Company dropped their price objective 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. Jefferies Financial Group decreased their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.73.

Kraft Heinz Price Performance

KHC stock opened at $30.24 on Friday. 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’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $31.74. The stock has a market capitalization of $36.14 billion, a price-to-earnings ratio of 13.38, a PEG 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 posted its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping 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%. As a group, equities analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm 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 annualized dividend and a dividend yield of 5.29%. Kraft Heinz’s payout ratio is 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.