Chatham Capital Group Inc. raised its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,152 shares of the company’s stock after acquiring an additional 3,375 shares during the period. Chatham Capital Group Inc.’s holdings in Kraft Heinz were worth $2,486,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in KHC. Vanguard Group Inc lifted its holdings in Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after buying an additional 1,123,288 shares during the period. SignalPoint Asset Management LLC raised its position in shares of Kraft Heinz by 4.9% in the 4th quarter. SignalPoint Asset Management LLC now owns 5,619 shares of the company’s stock worth $241,000 after acquiring an additional 263 shares in the last quarter. NuWave Investment Management LLC raised its position in shares of Kraft Heinz by 11,462.6% in the 4th quarter. NuWave Investment Management LLC now owns 11,447 shares of the company’s stock worth $493,000 after acquiring an additional 11,348 shares in the last quarter. Northstar Group Inc. raised its position in shares of Kraft Heinz by 6.0% in the 4th quarter. Northstar Group Inc. now owns 8,256 shares of the company’s stock worth $351,000 after acquiring an additional 470 shares in the last quarter. Finally, Sicart Associates LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth about $3,750,000. Institutional investors and hedge funds own 60.24% of the company’s stock.
Shares of KHC opened at $31.88 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.86. The company has a market cap of $39.00 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 3.09 and a beta of 0.58. Kraft Heinz Co has a 52 week low of $31.53 and a 52 week high of $64.99.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, May 30th. Kraft Heinz’s dividend payout ratio is currently 45.33%.
Several research firms have recently weighed in on KHC. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. UBS Group lowered their price objective on Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Zacks Investment Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Piper Jaffray Companies lowered Kraft Heinz from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $35.00 to $31.00 in a research report on Wednesday, April 24th. Finally, Wolfe Research lowered Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 target price for the company. in a research report on Friday, March 29th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Kraft Heinz has a consensus rating of “Hold” and an average target price of $42.17.
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About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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