Mutual of America Capital Management LLC Has $3.95 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Mutual of America Capital Management LLC lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 106,805 shares of the company’s stock after selling 5,042 shares during the period. Mutual of America Capital Management LLC’s holdings in Kraft Heinz were worth $3,950,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Kraft Heinz by 1,835.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock worth $794,964,000 after purchasing an additional 18,518,584 shares during the period. Capital World Investors raised its holdings in Kraft Heinz by 96.5% during the 1st 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 during the period. Norges Bank bought a new position in Kraft Heinz in the fourth quarter valued at approximately $252,224,000. Invesco Ltd. lifted its stake in Kraft Heinz by 10.7% in the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock valued at $827,581,000 after buying an additional 2,369,080 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Kraft Heinz by 86.0% in the third quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company’s stock valued at $155,671,000 after buying an additional 2,140,153 shares during the period. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent research reports. Bank of America lifted their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday. Citigroup started coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.71.

Kraft Heinz Stock Up 0.8 %

KHC stock opened at $36.59 on Wednesday. The firm has a market capitalization of $44.48 billion, a PE ratio of 15.84, a P/E/G ratio of 2.84 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The stock’s 50 day moving average is $35.85 and its 200-day moving average is $35.32.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Sell-side analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.37%. Kraft Heinz’s dividend payout ratio is currently 69.26%.

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.