National Pension Service Acquires 52,369 Shares of The Kraft Heinz Company (NASDAQ:KHC)

National Pension Service increased its position in The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,064,876 shares of the company’s stock after buying an additional 52,369 shares during the period. National Pension Service’s holdings in Kraft Heinz were worth $35,737,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KHC. BlackRock Inc. lifted its position in shares of Kraft Heinz by 25.3% in the third quarter. BlackRock Inc. now owns 56,572,464 shares of the company’s stock worth $1,886,694,000 after buying an additional 11,428,520 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 15.3% in the third quarter. Vanguard Group Inc. now owns 67,502,147 shares of the company’s stock worth $2,251,197,000 after buying an additional 8,948,708 shares in the last quarter. Capital World Investors lifted its position in shares of Kraft Heinz by 96.5% in the first quarter. Capital World Investors now owns 13,312,000 shares of the company’s stock worth $524,360,000 after buying an additional 6,537,000 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Kraft Heinz by 301.2% in the third quarter. Nuveen Asset Management LLC now owns 6,416,759 shares of the company’s stock worth $213,999,000 after buying an additional 4,817,233 shares in the last quarter. Finally, Continental Grain Co. purchased a new stake in shares of Kraft Heinz in the second quarter worth about $132,216,000. 68.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, EVP Flavio Torres sold 250,571 shares of Kraft Heinz stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $39.58, for a total transaction of $9,917,600.18. Following the completion of the transaction, the executive vice president now owns 188,983 shares in the company, valued at approximately $7,479,947.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Kraft Heinz news, EVP Flavio Torres sold 250,571 shares of Kraft Heinz stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $39.58, for a total transaction of $9,917,600.18. Following the completion of the transaction, the executive vice president now owns 188,983 shares in the company, valued at approximately $7,479,947.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Melissa Werneck sold 3,500 shares of Kraft Heinz stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $42.39, for a total value of $148,365.00. Following the transaction, the executive vice president now owns 266,583 shares of the company’s stock, valued at approximately $11,300,453.37. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $38.18 on Friday. The firm has a market capitalization of $46.77 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 3.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.87 and a quick ratio of 0.47. The business has a fifty day moving average of $39.88 and a 200 day moving average of $38.31. The Kraft Heinz Company has a 1 year low of $32.73 and a 1 year high of $44.87.

Kraft Heinz (NASDAQ:KHC – Get Rating) last issued its earnings results on Wednesday, February 15th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $7.23 billion. Kraft Heinz had a return on equity of 7.03% and a net margin of 8.92%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. As a group, research analysts expect that The Kraft Heinz Company will post 2.72 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.60 dividend on an annualized basis and a yield of 4.19%. Kraft Heinz’s dividend payout ratio (DPR) is 83.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their price objective on Kraft Heinz from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 17th. Piper Sandler upped their price objective on Kraft Heinz from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. UBS Group upped their price objective on Kraft Heinz from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th. Wells Fargo & Company assumed coverage on Kraft Heinz in a research report on Tuesday, January 3rd. They set an “equal weight” rating and a $43.00 price objective on the stock. Finally, Credit Suisse Group restated an “underperform” rating and set a $38.00 price objective (up from $36.00) on shares of Kraft Heinz in a research report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.92.

Kraft Heinz Profile

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The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015, and is headquartered in Pittsburgh, PA.