Capital International Inc. CA Has $4.65 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Capital International Inc. CA lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 70.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,354 shares of the company’s stock after selling 360,527 shares during the period. Capital International Inc. CA’s holdings in Kraft Heinz were worth $4,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock worth $2,779,524,000 after acquiring an additional 14,996,486 shares during the last quarter. Norges Bank bought a new stake in Kraft Heinz during the 4th quarter worth approximately $324,857,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Kraft Heinz by 96.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock valued at $87,777,000 after purchasing an additional 1,403,220 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $39,339,000. Finally, Nordea Investment Management AB grew its holdings in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of analyst reports. Piper Sandler cut their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Bank of America cut shares of Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Four investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $30.67.

Kraft Heinz Stock Performance

Shares of KHC opened at $29.46 on Monday. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. 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 stock’s fifty day moving average price is $29.98 and its two-hundred day moving average price is $31.04. The firm has a market cap of $35.16 billion, a PE ratio of 13.04, a PEG ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

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.