Palouse Capital Management Inc. purchased a new position in Kraft Heinz Co (NASDAQ:KHC) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 90,656 shares of the company’s stock, valued at approximately $2,960,000.

Several other large investors also recently made changes to their positions in KHC. Oregon Public Employees Retirement Fund lifted its position in shares of Kraft Heinz by 6,999.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock worth $244,000 after buying an additional 10,352,489 shares during the last quarter. Norges Bank bought a new position in shares of Kraft Heinz in the fourth quarter worth about $355,973,000. American International Group Inc. increased its stake in shares of Kraft Heinz by 31.0% in the fourth quarter. American International Group Inc. now owns 7,692,416 shares of the company’s stock worth $331,082,000 after purchasing an additional 1,821,732 shares during the period. FMR LLC increased its stake in shares of Kraft Heinz by 16.7% in the fourth quarter. FMR LLC now owns 10,146,066 shares of the company’s stock worth $436,686,000 after purchasing an additional 1,452,407 shares during the period. Finally, Vanguard Group Inc increased its stake in shares of Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after purchasing an additional 1,123,288 shares during the period. 58.23% of the stock is owned by institutional investors.

KHC traded down $0.20 on Wednesday, hitting $30.04. 8,554,943 shares of the stock traded hands, compared to its average volume of 10,878,202. Kraft Heinz Co has a 52 week low of $26.96 and a 52 week high of $64.99. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $36.85 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 2.78 and a beta of 0.70.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.33%. Kraft Heinz’s dividend payout ratio is 45.33%.

A number of equities analysts have recently commented on the company. Evercore ISI assumed coverage on Kraft Heinz in a research note on Tuesday. They issued an “in-line” rating and a $32.00 price objective on the stock. Piper Jaffray Companies upgraded Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 price objective on the stock in a research note on Friday, May 31st. Credit Suisse Group reiterated an “underperform” rating and issued a $26.00 price objective (down from $33.00) on shares of Kraft Heinz in a research note on Thursday, May 30th. BidaskClub lowered Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 30th. Finally, UBS Group dropped their price objective on Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.22.

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Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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