Wedbush Securities Inc. lowered its holdings in Kraft Heinz Co (NASDAQ:KHC) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 16,324 shares of the company’s stock after selling 1,275 shares during the quarter. Wedbush Securities Inc.’s holdings in Kraft Heinz were worth $1,269,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in KHC. Westside Investment Management Inc. boosted its holdings in shares of Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares during the period. Rational Advisors LLC acquired a new position in shares of Kraft Heinz in the fourth quarter worth about $117,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kraft Heinz in the second quarter worth about $121,000. Cerebellum GP LLC acquired a new position in shares of Kraft Heinz in the fourth quarter worth about $124,000. Finally, GWM Advisors LLC acquired a new position in shares of Kraft Heinz in the second quarter worth about $137,000. 62.49% of the stock is currently owned by institutional investors.
Shares of Kraft Heinz Co (KHC) opened at $70.80 on Tuesday. 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 company has a market cap of $86,291.19, a P/E ratio of 7.90, a P/E/G ratio of 1.90 and a beta of 0.43. Kraft Heinz Co has a fifty-two week low of $67.65 and a fifty-two week high of $95.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is presently 27.90%.
Several research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Kraft Heinz to $80.00 and set an “in-line” rating for the company in a report on Tuesday. UBS Group decreased their target price on shares of Kraft Heinz from $87.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets decreased their target price on shares of Kraft Heinz to $74.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Barclays reiterated a “buy” rating and issued a $80.00 target price on shares of Kraft Heinz in a report on Sunday. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Kraft Heinz presently has an average rating of “Buy” and an average price target of $88.46.
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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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