Gulf International Bank UK Ltd Has $2.20 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Gulf International Bank UK Ltd trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 71,714 shares of the company’s stock after selling 818 shares during the period. Gulf International Bank UK Ltd’s holdings in Kraft Heinz were worth $2,202,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KHC. State Street Corp grew its stake in Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC grew its stake in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after purchasing an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Kraft Heinz in the third quarter valued at about $411,304,000. Nordea Investment Management AB grew its stake in Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Kraft Heinz by 11.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after purchasing an additional 545,504 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $30.72 on Friday. The business has a 50 day moving average price of $29.77 and a 200 day moving average price of $32.42. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a market cap of $36.71 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 3.39 and a beta of 0.47. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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%. Research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.21%. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of recent research reports. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Piper Sandler decreased their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Finally, Barclays decreased their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Three 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, the stock has an average rating of “Hold” and a consensus price target of $30.86.

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.