River Global Investors LLP reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,165 shares of the company’s stock after selling 5,401 shares during the period. River Global Investors LLP’s holdings in Kraft Heinz were worth $3,224,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. FSC Wealth Advisors LLC lifted its stake in shares of Kraft Heinz by 23.4% during the 4th quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after acquiring an additional 270 shares during the last quarter. Archer Investment Corp lifted its position in shares of Kraft Heinz by 2.0% during the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after purchasing an additional 294 shares during the last quarter. Ingalls & Snyder LLC boosted its stake in shares of Kraft Heinz by 3.1% during the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock valued at $370,000 after purchasing an additional 300 shares during the period. Econ Financial Services Corp grew its holdings in shares of Kraft Heinz by 0.6% in the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock worth $1,793,000 after purchasing an additional 310 shares during the last quarter. Finally, Kennedy Investment Group increased its stake in Kraft Heinz by 1.1% in the 4th quarter. Kennedy Investment Group now owns 29,199 shares of the company’s stock worth $1,080,000 after buying an additional 319 shares during the period. 78.17% of the stock is currently owned by institutional investors.
Kraft Heinz Stock Performance
Kraft Heinz stock traded down $0.37 during trading hours on Friday, hitting $36.35. 7,102,855 shares of the stock traded hands, compared to its average volume of 7,314,267. The firm’s 50 day moving average price is $36.35 and its 200-day moving average price is $35.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.54. The stock has a market capitalization of $44.14 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.92 and a beta of 0.65. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.44.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a yield of 4.40%. Kraft Heinz’s dividend payout ratio is presently 69.87%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on KHC. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Citigroup initiated coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.00.
Read Our Latest Analysis on Kraft Heinz
Kraft Heinz Company Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.
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