Kraft Heinz Co (KHC) Stake Lifted by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC lifted its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the company’s stock after purchasing an additional 1,240 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Kraft Heinz were worth $675,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of KHC. Westside Investment Management Inc. boosted its stake 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 buying an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after buying an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Kraft Heinz in the second quarter worth approximately $121,000. Blue Chip Partners Inc. boosted its stake in Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares in the last quarter. Finally, GWM Advisors LLC purchased a new stake in Kraft Heinz in the second quarter worth approximately $137,000. 62.06% of the stock is owned by institutional investors.
Kraft Heinz Co (NASDAQ KHC) opened at $80.64 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The company has a market capitalization of $99,816.90, a P/E ratio of 23.01, a P/E/G ratio of 2.27 and a beta of 0.45. Kraft Heinz Co has a twelve month low of $75.21 and a twelve month high of $97.77.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.10%. Kraft Heinz’s dividend payout ratio is presently 77.88%.
KHC has been the subject of a number of analyst reports. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets reissued a “hold” rating and set a $96.00 price objective on shares of Kraft Heinz in a research note on Wednesday, September 6th. Credit Suisse Group set a $100.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. Susquehanna Bancshares reissued a “hold” rating and set a $84.00 price objective on shares of Kraft Heinz in a research note on Thursday, September 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research note on Friday, September 1st. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $92.49.
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Kraft Heinz Company Profile
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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