Virtu Financial LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 433.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 245,426 shares of the company’s stock after purchasing an additional 199,460 shares during the period. Virtu Financial LLC’s holdings in Kraft Heinz were worth $5,952,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $202,000. Invesco Ltd. increased its position in shares of Kraft Heinz by 10.5% in the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after acquiring an additional 1,870,310 shares during the period. Alberta Investment Management Corp purchased a new position in Kraft Heinz in the 4th quarter worth $1,331,000. Mercer Global Advisors Inc. ADV raised its stake in Kraft Heinz by 7.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 47,963 shares of the company’s stock worth $1,173,000 after acquiring an additional 3,199 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in Kraft Heinz by 124.7% during the 4th quarter. Vident Advisory LLC now owns 168,241 shares of the company’s stock worth $4,080,000 after acquiring an additional 93,379 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.
Kraft Heinz Price Performance
Shares of KHC opened at $22.82 on Friday. The business’s 50-day moving average is $23.11 and its two-hundred day moving average is $23.52. The company has a market capitalization of $27.06 billion, a P/E ratio of -4.70 and a beta of 0.08. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.
Kraft Heinz Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on KHC. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Wells Fargo & Company decreased their target price on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Piper Sandler dropped their target price on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. BNP Paribas Exane dropped their target price on Kraft Heinz from $18.00 to $17.00 in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $22.69.
View Our Latest Research Report on Kraft Heinz
Kraft Heinz Company Profile
The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.
Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.
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