Jones Financial Companies Lllp raised its holdings in Kraft Heinz Co (NASDAQ:KHC) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,197 shares of the company’s stock after buying an additional 5,798 shares during the period. Jones Financial Companies Lllp’s holdings in Kraft Heinz were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in KHC. M&R Capital Management Inc. lifted its stake in shares of Kraft Heinz by 4.3% in the second quarter. M&R Capital Management Inc. now owns 8,750 shares of the company’s stock valued at $756,000 after buying an additional 358 shares in the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of Kraft Heinz by 5.9% in the second quarter. Stonebridge Capital Advisors LLC now owns 44,884 shares of the company’s stock valued at $3,844,000 after purchasing an additional 2,481 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of Kraft Heinz by 0.3% in the second quarter. Scotia Capital Inc. now owns 135,996 shares of the company’s stock valued at $11,645,000 after purchasing an additional 448 shares during the last quarter. Linscomb & Williams Inc. raised its holdings in shares of Kraft Heinz by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock valued at $648,000 after purchasing an additional 21 shares during the last quarter. Finally, Cypress Capital Group raised its holdings in shares of Kraft Heinz by 3.8% in the second quarter. Cypress Capital Group now owns 2,843 shares of the company’s stock valued at $243,000 after purchasing an additional 104 shares during the last quarter. 63.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $67.23 on Monday. Kraft Heinz Co has a 1-year low of $66.36 and a 1-year high of $93.88. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.43. The stock has a market cap of $81,945.04, a PE ratio of 18.94, a P/E/G ratio of 1.82 and a beta of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a yield of 3.72%. Kraft Heinz’s dividend payout ratio (DPR) is presently 27.90%.
Several analysts have recently commented on the stock. Credit Suisse Group upgraded shares of Kraft Heinz to a “buy” rating and set a $77.00 target price for the company in a report on Monday, February 26th. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Barclays reiterated a “buy” rating and issued a $80.00 target price (down previously from $94.00) on shares of Kraft Heinz in a report on Sunday, February 18th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $94.00 target price (up previously from $90.00) on shares of Kraft Heinz in a report on Tuesday, January 30th. Finally, Argus reiterated a “buy” rating and issued a $74.00 target price (down previously from $93.00) on shares of Kraft Heinz in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Kraft Heinz has a consensus rating of “Buy” and a consensus target price of $85.78.
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Kraft Heinz Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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