FDx Advisors Inc. Has $551,000 Stake in Kraft Heinz Co (KHC)
FDx Advisors Inc. reduced its stake in Kraft Heinz Co (NASDAQ:KHC) by 26.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,091 shares of the company’s stock after selling 2,565 shares during the quarter. FDx Advisors Inc.’s holdings in Kraft Heinz were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of KHC. Westside Investment Management Inc. lifted its position in Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Kraft Heinz in the 2nd quarter valued at approximately $121,000. Rational Advisors LLC bought a new position in Kraft Heinz in the 4th quarter valued at approximately $117,000. Cerebellum GP LLC bought a new position in Kraft Heinz in the 4th quarter valued at approximately $124,000. Finally, GWM Advisors LLC bought a new position in Kraft Heinz in the 2nd quarter valued at approximately $137,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kraft Heinz Co (NASDAQ KHC) opened at $67.17 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $81,525.66, a price-to-earnings ratio of 7.50, a PEG ratio of 1.80 and a beta of 0.58. Kraft Heinz Co has a 12 month low of $66.36 and a 12 month high of $93.88.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.625 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.50 annualized dividend and a dividend yield of 3.72%. Kraft Heinz’s dividend payout ratio (DPR) is 27.90%.
Several research firms recently issued reports on KHC. Credit Suisse Group raised Kraft Heinz to a “buy” rating and set a $77.00 price objective on the stock in a research report on Monday, February 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $81.00 price objective (down from $87.00) on shares of Kraft Heinz in a research report on Tuesday, February 20th. Morgan Stanley decreased their target price on shares of Kraft Heinz from $88.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 20th. UBS Group set a $80.00 target price on shares of Kraft Heinz and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $86.52.
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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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