AIA Group Ltd Sells 19,764 Shares of The Kraft Heinz Company (NASDAQ:KHC)

AIA Group Ltd trimmed its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,997 shares of the company’s stock after selling 19,764 shares during the quarter. AIA Group Ltd’s holdings in Kraft Heinz were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Kraft Heinz by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 544,638 shares of the company’s stock valued at $19,122,000 after buying an additional 46,740 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in Kraft Heinz during the third quarter valued at $231,000. Public Sector Pension Investment Board lifted its stake in shares of Kraft Heinz by 138.8% in the third quarter. Public Sector Pension Investment Board now owns 34,751 shares of the company’s stock worth $1,220,000 after buying an additional 20,200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Kraft Heinz by 62.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 641,668 shares of the company’s stock worth $22,529,000 after purchasing an additional 247,328 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KHC. Barclays cut their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus lowered their price target 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. UBS Group reduced their target price 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. Evercore ISI restated an “in-line” rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.73.

Kraft Heinz Trading Up 0.6 %

NASDAQ KHC opened at $30.24 on Monday. 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 has a market capitalization of $36.14 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a 50-day simple moving average of $29.99 and a 200-day simple moving average of $31.69.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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 forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.29%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

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.