The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 115.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,020,501 shares of the company’s stock after purchasing an additional 546,474 shares during the period. Russell Investments Group Ltd. owned 0.08% of Kraft Heinz worth $31,339,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter worth about $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz during the fourth quarter worth $29,000. R Squared Ltd bought a new position in shares of Kraft Heinz during the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management bought a new position in Kraft Heinz during the fourth quarter valued at about $36,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of KHC stock opened at $28.53 on Tuesday. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $30.06 and its 200-day moving average is $31.46. The firm has a market capitalization of $34.05 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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 forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.61%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI reissued an “in-line” rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Citigroup restated a “sell” rating and set a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday. Morgan Stanley started coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an “underweight” rating and a $29.00 price objective on the stock. UBS Group dropped their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.67.

Kraft Heinz 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.