Dark Forest Capital Management LP Grows Stake in The Kraft Heinz Company (NASDAQ:KHC)

Dark Forest Capital Management LP increased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 377.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,020 shares of the company's stock after purchasing an additional 37,180 shares during the period. Dark Forest Capital Management LP's holdings in Kraft Heinz were worth $1,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the fourth quarter worth $25,000. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Kraft Heinz during the fourth quarter valued at about $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the fourth quarter worth about $36,000. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KHC shares. Wells Fargo & Company reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Evercore ISI restated an "in-line" rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.69.

Kraft Heinz Stock Up 0.9 %

NASDAQ:KHC opened at $30.20 on Wednesday. The stock has a fifty day simple moving average of $30.02 and a 200-day simple moving average of $31.00. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.30%. Kraft Heinz's dividend payout ratio is currently 70.80%.

Kraft Heinz 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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