UniSuper Management Pty Ltd Purchases 18,902 Shares of The Kraft Heinz Company (NASDAQ:KHC)

UniSuper Management Pty Ltd grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 26.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,194 shares of the company’s stock after acquiring an additional 18,902 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Kraft Heinz were worth $2,801,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised 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 purchasing an additional 14,996,486 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Kraft Heinz in the 3rd quarter valued at $411,304,000. State Street Corp raised 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 buying an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Kraft Heinz by 96.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock worth $87,777,000 after acquiring an additional 1,403,220 shares during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC opened at $30.24 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The company’s 50 day simple moving average is $29.99 and its 200-day simple moving average is $31.71. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The stock has a market capitalization of $36.14 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. 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 payout ratio is presently 70.80%.

Analysts Set New Price Targets

KHC has been the subject of several recent research reports. TD Cowen dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.73.

About Kraft Heinz

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.