Kraft Heinz Co (KHC) Shares Bought by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. increased its holdings in Kraft Heinz Co (NASDAQ:KHC) by 97,500.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,208 shares of the company’s stock after acquiring an additional 32,175 shares during the quarter. Kraft Heinz comprises approximately 1.9% of Benson Investment Management Company Inc.’s portfolio, making the stock its 29th biggest position. Benson Investment Management Company Inc.’s holdings in Kraft Heinz were worth $2,504,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Westside Investment Management Inc. lifted its position in Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after buying an additional 950 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in Kraft Heinz during the second quarter valued at $121,000. Blue Chip Partners Inc. lifted its position in Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the period. Finally, GWM Advisors LLC purchased a new position in Kraft Heinz during the second quarter valued at $137,000. 62.02% of the stock is owned by institutional investors.

Several brokerages have commented on KHC. Morgan Stanley lowered their price objective on Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Citigroup lowered their price objective on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Susquehanna Bancshares lowered their price objective on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $92.49.

Shares of Kraft Heinz Co (NASDAQ KHC) traded up $0.22 during trading hours on Friday, hitting $77.35. The stock had a trading volume of 3,336,553 shares, compared to its average volume of 3,627,512. Kraft Heinz Co has a 1 year low of $75.21 and a 1 year high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The company has a market capitalization of $93,820.00 and a P/E ratio of 24.10.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the company earned $0.83 earnings per share. The company’s revenue was up .7% on a year-over-year basis. analysts expect that Kraft Heinz Co will post 3.61 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were issued a dividend of $0.625 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.23%. Kraft Heinz’s payout ratio is presently 77.88%.

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About Kraft Heinz

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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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