Ontario Teachers Pension Plan Board Purchases Shares of 8,573 The Kraft Heinz Company (NASDAQ:KHC)

Ontario Teachers Pension Plan Board acquired a new position in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,573 shares of the company’s stock, valued at approximately $263,000.

Several other large investors have also modified their holdings of the company. Brookstone Capital Management boosted its position in shares of Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after acquiring an additional 238,913 shares during the period. Headlands Technologies LLC acquired a new position in Kraft Heinz during the 4th quarter valued at $2,048,000. Nordea Investment Management AB boosted its holdings in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares during the period. FLC Capital Advisors grew its position in Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock worth $573,000 after purchasing an additional 10,214 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Kraft Heinz by 511.7% during the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company’s stock worth $1,312,000 after purchasing an additional 35,725 shares during the period. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Trading Up 2.3 %

Shares of KHC opened at $29.46 on Friday. The stock’s fifty day simple moving average is $29.98 and its 200-day simple moving average is $31.12. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $35.16 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. 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 issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stifel Nicolaus reduced their price objective 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. Citigroup reiterated a “sell” rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Jefferies Financial Group decreased their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Barclays dropped their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and an average price target of $30.67.

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.