MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Position in The Kraft Heinz Company (NASDAQ:KHC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in The Kraft Heinz Company (NASDAQ:KHC) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,243,888 shares of the company’s stock after selling 3,581 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.10% of Kraft Heinz worth $38,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Kraft Heinz by 14.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,097,084 shares of the company’s stock valued at $38,519,000 after buying an additional 138,101 shares during the last quarter. Czech National Bank grew its position in shares of Kraft Heinz by 6.4% in the 4th quarter. Czech National Bank now owns 191,387 shares of the company’s stock valued at $5,877,000 after buying an additional 11,587 shares during the last quarter. Brookstone Capital Management grew its position in shares of Kraft Heinz by 229.8% in the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after buying an additional 238,913 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Kraft Heinz by 3.7% in the 4th quarter. Moody National Bank Trust Division now owns 19,402 shares of the company’s stock valued at $596,000 after buying an additional 696 shares during the last quarter. Finally, Ignite Planners LLC grew its position in shares of Kraft Heinz by 4.8% in the 4th quarter. Ignite Planners LLC now owns 18,411 shares of the company’s stock valued at $564,000 after buying an additional 847 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Down 2.0%

KHC stock opened at $27.59 on Wednesday. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $36.70. The stock has a market capitalization of $32.65 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a fifty day moving average of $29.48 and a 200-day moving average of $30.32.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed 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 dividend yield of 5.80%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is 73.06%.

Analysts Set New Price Targets

KHC has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Piper Sandler lowered their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, UBS Group lowered their price objective 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. Four equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $30.65.

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.