Teacher Retirement System of Texas Trims Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Teacher Retirement System of Texas lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 33.2% during the 4th quarter, Holdings Channel reports. The firm owned 53,487 shares of the company’s stock after selling 26,587 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kraft Heinz were worth $1,643,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Royal London Asset Management Ltd. raised its holdings in shares of Kraft Heinz by 8.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 1,954,366 shares of the company’s stock valued at $60,019,000 after purchasing an additional 159,093 shares in the last quarter. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz during the fourth quarter worth $26,000. GM Advisory Group LLC boosted its position in Kraft Heinz by 18.4% during the 4th quarter. GM Advisory Group LLC now owns 16,814 shares of the company’s stock valued at $516,000 after acquiring an additional 2,609 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Kraft Heinz by 27.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 71,163 shares of the company’s stock valued at $2,165,000 after acquiring an additional 15,469 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth $594,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 1.3 %

Shares of NASDAQ:KHC opened at $30.07 on Friday. The business has a 50-day moving average price of $29.97 and a 200-day moving average price of $31.78. The stock has a market cap of $35.93 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. 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 quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KHC shares. JPMorgan Chase & Co. cut their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. UBS Group reduced their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their target price for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Morgan Stanley started coverage on Kraft Heinz in a report on Monday. They set an “underweight” rating and a $29.00 price objective for the company. Finally, Stifel Nicolaus lowered their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.73.

About Kraft Heinz

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.