USS Investment Management Ltd Has $10.97 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

USS Investment Management Ltd trimmed its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 357,219 shares of the company’s stock after selling 33,692 shares during the quarter. USS Investment Management Ltd’s holdings in Kraft Heinz were worth $10,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Voloridge Investment Management LLC lifted its holdings in Kraft Heinz by 185.1% in the 4th quarter. Voloridge Investment Management LLC now owns 1,356,340 shares of the company’s stock worth $41,653,000 after purchasing an additional 880,561 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in Kraft Heinz by 1,830.2% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,936,367 shares of the company’s stock worth $59,466,000 after purchasing an additional 1,836,048 shares during the last quarter. Wallace Capital Management Inc. lifted its holdings in Kraft Heinz by 16.1% in the 4th quarter. Wallace Capital Management Inc. now owns 30,224 shares of the company’s stock worth $928,000 after purchasing an additional 4,196 shares during the last quarter. Woodline Partners LP acquired a new stake in Kraft Heinz in the 4th quarter worth approximately $1,628,000. Finally, Vident Advisory LLC lifted its holdings in Kraft Heinz by 1.1% in the 4th quarter. Vident Advisory LLC now owns 52,195 shares of the company’s stock worth $1,603,000 after purchasing an additional 554 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

KHC opened at $27.90 on Wednesday. The stock has a market cap of $33.02 billion, a PE ratio of 12.35, a P/E/G ratio of 3.39 and a beta of 0.30. 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 Kraft Heinz Company has a 1 year low of $27.14 and a 1 year high of $36.53. The stock’s 50 day simple moving average is $29.13 and its 200-day simple moving average is $30.09.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Kraft Heinz’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. Sell-side analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.73%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s dividend payout ratio is 73.06%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KHC. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Stifel Nicolaus reduced their target price on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, Barclays dropped their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.65.

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.