AlphaStar Capital Management LLC bought a new stake in Kraft Heinz Co (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,289 shares of the company’s stock, valued at approximately $334,000.
Several other large investors have also modified their holdings of KHC. Westside Investment Management Inc. lifted its holdings in shares of Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the period. Rational Advisors LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth $117,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kraft Heinz during the second quarter worth $121,000. Cerebellum GP LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth $124,000. Finally, GWM Advisors LLC acquired a new position in shares of Kraft Heinz during the second quarter worth $137,000. Institutional investors own 62.49% of the company’s stock.
Shares of Kraft Heinz Co (NASDAQ KHC) opened at $67.64 on Friday. Kraft Heinz Co has a 52 week low of $67.05 and a 52 week high of $93.88. 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 firm has a market cap of $82,420.00 and a price-to-earnings ratio of 7.54.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is currently 27.87%.
A number of equities analysts have recently commented on KHC shares. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. BMO Capital Markets dropped their target price on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares dropped their target price on shares of Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, February 15th. Jefferies Group restated a “buy” rating and issued a $95.00 target price on shares of Kraft Heinz in a report on Friday, February 16th. Finally, Morgan Stanley set a $88.00 target price on shares of Kraft Heinz and gave the company a “buy” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Kraft Heinz presently has an average 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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