Clifford Swan Investment Counsel LLC boosted its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 54.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,904 shares of the company’s stock after purchasing an additional 11,659 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Kraft Heinz were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. boosted its holdings in Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Kraft Heinz in the second quarter worth about $121,000. Rational Advisors LLC acquired a new stake in Kraft Heinz in the fourth quarter worth about $117,000. Cerebellum GP LLC acquired a new stake in Kraft Heinz in the fourth quarter worth about $124,000. Finally, GWM Advisors LLC acquired a new stake in Kraft Heinz in the second quarter worth about $137,000. 63.24% of the stock is currently owned by institutional investors.
Kraft Heinz Co (NASDAQ:KHC) opened at $67.37 on Wednesday. Kraft Heinz Co has a 12 month low of $66.36 and a 12 month high of $93.88. The stock has a market capitalization of $82,517.90, a PE ratio of 19.07, a PEG ratio of 1.83 and a beta of 0.58. 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s dividend payout ratio is currently 27.90%.
KHC has been the subject of several recent analyst reports. Barclays reissued a “buy” rating and issued a $80.00 price target (down previously from $94.00) on shares of Kraft Heinz in a report on Sunday, February 18th. Jefferies Group reissued a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a report on Friday, February 16th. Bank of America set a $100.00 price target on Kraft Heinz and gave the stock a “buy” rating in a report on Thursday, February 15th. Morgan Stanley set a $88.00 price target on Kraft Heinz and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, DZ Bank raised Kraft Heinz from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Buy” and an average price target of $85.78.
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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