A number of other brokerages have also recently weighed in on KHC. Zacks Investment Research upgraded Kraft Heinz from a sell rating to a hold rating in a research note on Monday, December 18th. BidaskClub upgraded Kraft Heinz from a sell rating to a hold rating in a research note on Friday, November 10th. Jefferies Group initiated coverage on Kraft Heinz in a research note on Friday, January 19th. They issued a buy rating and a $95.00 price target for the company. Piper Jaffray Companies reiterated an overweight rating and issued a $94.00 price target (up from $90.00) on shares of Kraft Heinz in a research note on Tuesday, January 30th. Finally, Morgan Stanley decreased their price target on Kraft Heinz from $92.00 to $88.00 and set an overweight rating for the company in a research note on Friday, November 3rd. One 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 company’s stock. Kraft Heinz has a consensus rating of Buy and a consensus price target of $86.52.
Kraft Heinz (KHC) opened at $69.74 on Monday. Kraft Heinz has a 12-month low of $67.05 and a 12-month high of $93.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72. The stock has a market capitalization of $84,980.00 and a price-to-earnings ratio of 7.77.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is 27.87%.
A number of institutional investors have recently bought and sold shares of the stock. American International Group Inc. grew its holdings in Kraft Heinz by 1,928.1% in the fourth quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock valued at $475,186,000 after purchasing an additional 5,809,615 shares during the period. Magellan Asset Management Ltd grew its holdings in Kraft Heinz by 30.4% in the fourth quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock valued at $1,666,322,000 after purchasing an additional 4,998,778 shares during the period. BlackRock Inc. grew its holdings in Kraft Heinz by 4.6% in the fourth quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock valued at $2,727,351,000 after purchasing an additional 1,551,823 shares during the period. Renaissance Technologies LLC acquired a new stake in Kraft Heinz in the second quarter valued at approximately $102,151,000. Finally, Virtus Fund Advisers LLC grew its holdings in Kraft Heinz by 1,123.1% in the fourth quarter. Virtus Fund Advisers LLC now owns 865,149 shares of the company’s stock valued at $67,274,000 after purchasing an additional 794,415 shares during the period. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
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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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