Epoch Investment Partners Inc. increased its stake in Kraft Heinz Co (NASDAQ:KHC) by 158.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,074,187 shares of the company’s stock after acquiring an additional 658,078 shares during the period. Epoch Investment Partners Inc.’s holdings in Kraft Heinz were worth $59,199,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Integrated Investment Consultants LLC increased its holdings in Kraft Heinz by 133.5% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock worth $106,000 after purchasing an additional 965 shares in the last quarter. Stevens First Principles Investment Advisors bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $108,000. Mainstay Capital Management LLC ADV grew its position in shares of Kraft Heinz by 5,429.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,414 shares of the company’s stock valued at $108,000 after buying an additional 6,298 shares during the last quarter. Blume Capital Management Inc. boosted its position in shares of Kraft Heinz by 166.7% during the 3rd quarter. Blume Capital Management Inc. now owns 2,080 shares of the company’s stock valued at $115,000 after purchasing an additional 1,300 shares in the last quarter. Finally, CSat Investment Advisory L.P. bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $120,000. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
KHC opened at $49.52 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 0.47. Kraft Heinz Co has a 52 week low of $48.52 and a 52 week high of $80.67. The stock has a market cap of $60.95 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 2.23 and a beta of 0.45.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.50 annualized dividend and a yield of 5.05%. Kraft Heinz’s dividend payout ratio (DPR) is 70.42%.
Several analysts have recently commented on KHC shares. UBS Group set a $65.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a research note on Friday, November 2nd. Piper Jaffray Companies set a $62.00 price target on Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. Bank of America set a $83.00 target price on Kraft Heinz and gave the stock a “buy” rating in a research report on Friday, November 2nd. Berenberg Bank set a $64.00 price target on Kraft Heinz and gave the stock a “buy” rating in a report on Tuesday, November 20th. Finally, Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $66.89.
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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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