Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in The Kraft Heinz Company (NASDAQ:KHC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,688 shares of the company’s stock after selling 4,452 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kraft Heinz were worth $5,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in shares of Kraft Heinz by 23.0% during the third quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company’s stock worth $1,848,000 after buying an additional 9,833 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Kraft Heinz by 34.4% during the third quarter. Pathstone Holdings LLC now owns 96,151 shares of the company’s stock worth $3,376,000 after buying an additional 24,606 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Kraft Heinz by 7.2% during the third quarter. PNC Financial Services Group Inc. now owns 200,937 shares of the company’s stock worth $7,055,000 after buying an additional 13,452 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Kraft Heinz during the third quarter worth $1,465,000. Finally, Commerce Bank lifted its stake in shares of Kraft Heinz by 1.4% during the third quarter. Commerce Bank now owns 43,971 shares of the company’s stock worth $1,544,000 after buying an additional 623 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KHC has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of 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. TD Cowen decreased their target price 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. JPMorgan Chase & Co. decreased their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group decreased their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Trading Down 0.6 %

Shares of Kraft Heinz stock opened at $29.52 on Friday. The firm has a 50-day simple moving average of $29.92 and a two-hundred day simple moving average of $31.93. The company has a market cap of $35.28 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates 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 fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.42%. Kraft Heinz’s dividend payout ratio is currently 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.