Caisse Des Depots ET Consignations Purchases New Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Caisse Des Depots ET Consignations acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 88,199 shares of the company’s stock, valued at approximately $2,709,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the fourth quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz during the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC boosted its stake in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after buying an additional 636 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Kraft Heinz in the fourth quarter worth $34,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KHC. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. UBS Group lowered their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays reduced their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.73.

Kraft Heinz Trading Up 1.3 %

Kraft Heinz stock opened at $30.07 on Friday. The stock has a 50-day moving average price of $29.97 and a 200 day moving average price of $31.78. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a market cap of $35.93 billion, a PE ratio of 13.31, a P/E/G ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly 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%. Equities research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 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.