Yorktown Management & Research Co Inc purchased a new position in Kraft Heinz Co (NASDAQ:KHC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,000 shares of the company’s stock, valued at approximately $155,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after buying an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Kraft Heinz during the 2nd quarter valued at about $121,000. Blue Chip Partners Inc. increased its position in Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares in the last quarter. Finally, GWM Advisors LLC acquired a new position in Kraft Heinz during the 2nd quarter valued at about $137,000. 62.06% of the stock is owned by hedge funds and other institutional investors.
Shares of Kraft Heinz Co (KHC) opened at $80.64 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The firm has a market capitalization of $99,816.90, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.45. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.10%. Kraft Heinz’s payout ratio is 77.88%.
Several research analysts recently issued reports on the company. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $85.00 target price (down from $94.00) on shares of Kraft Heinz in a research report on Wednesday, August 9th. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Morgan Stanley dropped their price target on Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies set a $92.00 price target on Kraft Heinz and gave the company a “hold” rating in a research note on Wednesday, August 16th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $92.49.
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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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