Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.07 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 19.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 327,940 shares of the company’s stock after selling 78,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kraft Heinz were worth $10,071,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the 4th quarter worth about $25,000. Fortitude Family Office LLC increased its holdings in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz in the third quarter valued at approximately $33,000. Finally, Larson Financial Group LLC grew its position in Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $31.13 on Monday. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The stock has a market cap of $37.20 billion, a PE ratio of 13.77, a PEG ratio of 3.39 and a beta of 0.47. 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 firm’s fifty day moving average price is $29.73 and its two-hundred day moving average price is $32.53.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, equities analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.14%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Analyst Ratings Changes

KHC has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Piper Sandler decreased their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. UBS Group dropped their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays reduced their price target on shares of 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. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.86.

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.