AGF Management Ltd. Has $2.96 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

AGF Management Ltd. decreased its position in The Kraft Heinz Company (NASDAQ:KHC) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 96,531 shares of the company’s stock after selling 7,091 shares during the quarter. AGF Management Ltd.’s holdings in Kraft Heinz were worth $2,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Charles Schwab Investment Management Inc. raised its position 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 worth $186,350,000 after acquiring an additional 545,504 shares during the period. Banque Cantonale Vaudoise raised its position in shares of Kraft Heinz by 52.5% in the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after buying an additional 58,665 shares in the last quarter. Brookstone Capital Management raised its holdings 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 acquiring an additional 238,913 shares in the last quarter. Toronto Dominion Bank raised its stake in Kraft Heinz by 12.6% in the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after purchasing an additional 54,656 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 2.6 %

Kraft Heinz stock opened at $30.30 on Thursday. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The business’s fifty day moving average is $29.88 and its 200 day moving average is $32.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market capitalization of $36.21 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

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 analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KHC. Piper Sandler dropped their target price on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research 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 report on Thursday, January 16th. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company reduced their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target 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.