Landscape Capital Management L.L.C. boosted its stake in Kraft Heinz Co (NASDAQ:KHC) by 1,463.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,838 shares of the company’s stock after acquiring an additional 114,043 shares during the period. Landscape Capital Management L.L.C.’s holdings in Kraft Heinz were worth $3,782,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of KHC. Magellan Asset Management Ltd raised its holdings in shares of Kraft Heinz by 12.2% during the first quarter. Magellan Asset Management Ltd now owns 37,093,237 shares of the company’s stock worth $1,211,094,000 after purchasing an additional 4,046,115 shares during the period. Geode Capital Management LLC raised its holdings in shares of Kraft Heinz by 12.7% during the fourth quarter. Geode Capital Management LLC now owns 8,516,204 shares of the company’s stock worth $366,004,000 after purchasing an additional 957,359 shares during the period. SG Americas Securities LLC raised its holdings in shares of Kraft Heinz by 1,617.7% during the first quarter. SG Americas Securities LLC now owns 670,834 shares of the company’s stock worth $21,903,000 after purchasing an additional 631,779 shares during the period. Apertura Capital LLC raised its holdings in shares of Kraft Heinz by 357.1% during the first quarter. Apertura Capital LLC now owns 800,000 shares of the company’s stock worth $26,120,000 after purchasing an additional 625,000 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of Kraft Heinz during the first quarter worth $18,366,000. 58.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:KHC traded down $0.39 during trading hours on Thursday, hitting $25.13. 7,779,431 shares of the company’s stock traded hands, compared to its average volume of 9,981,431. Kraft Heinz Co has a 52 week low of $25.19 and a 52 week high of $61.68. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.21. The company’s fifty day simple moving average is $30.58. The stock has a market cap of $32.07 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, August 20th. This represents a $1.60 annualized dividend and a dividend yield of 6.37%. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.
KHC has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Kraft Heinz from $40.00 to $33.00 and set a “market perform” rating on the stock in a report on Monday. Wells Fargo & Co set a $29.00 price objective on shares of Kraft Heinz and gave the stock a “hold” rating in a report on Friday, August 9th. UBS Group set a $30.00 price objective on shares of Kraft Heinz and gave the stock a “hold” rating in a report on Friday, August 9th. Bank of America set a $32.00 price objective on shares of Kraft Heinz and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Evercore ISI assumed coverage on shares of Kraft Heinz in a report on Tuesday, June 11th. They issued an “in-line” rating and a $32.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $36.45.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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