Vident Investment Advisory LLC purchased a new position in shares of Kraft Heinz Co (NASDAQ:KHC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,295 shares of the company’s stock, valued at approximately $565,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Blue Chip Partners Inc. increased its position in shares of Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Kraft Heinz by 0.5% in the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after purchasing an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Kraft Heinz by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after purchasing an additional 16 shares during the last quarter. Ropes Wealth Advisors LLC boosted its holdings in shares of Kraft Heinz by 0.4% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after buying an additional 17 shares during the period. Finally, National Asset Management Inc. boosted its holdings in shares of Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after buying an additional 21 shares during the period. 62.06% of the stock is currently owned by hedge funds and other institutional investors.
Kraft Heinz Co (NASDAQ KHC) opened at $79.54 on Monday. 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 stock has a market cap of $96,916.95, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.20 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 company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.
KHC has been the subject of several research reports. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, August 21st. BidaskClub lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a report on Friday, September 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 price target on shares of Kraft Heinz in a report on Wednesday, September 6th. Finally, Credit Suisse Group set a $100.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $92.49.
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Kraft Heinz Company 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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