Landscape Capital Management L.L.C. raised its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 458.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,106 shares of the company's stock after purchasing an additional 52,632 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Kraft Heinz were worth $1,969,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in Kraft Heinz during the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz during the fourth quarter worth $29,000. R Squared Ltd acquired a new position in shares of Kraft Heinz in the fourth quarter valued at $34,000. Finally, OFI Invest Asset Management bought a new position in Kraft Heinz in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Price Performance
NASDAQ:KHC traded down $0.48 on Thursday, hitting $28.62. The company had a trading volume of 4,765,085 shares, compared to its average volume of 8,981,713. The firm has a 50 day moving average of $29.95 and a two-hundred day moving average of $31.33. The stock has a market capitalization of $34.16 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.39 and a beta of 0.44. 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 Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.
Analysts Set New Price Targets
A number of research analysts have commented on KHC shares. Piper Sandler decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group lowered their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Evercore ISI reaffirmed an "in-line" rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Finally, Citigroup reissued a "sell" rating and set a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.67.
Check Out Our Latest Report on Kraft Heinz
About Kraft Heinz
(
Free Report)
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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