The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Artemis Investment Management LLP
Artemis Investment Management LLP grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 106.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,151,726 shares of the company’s stock after purchasing an additional 593,422 shares during the period. Artemis Investment Management LLP owned approximately 0.09% of The Kraft Heinz worth $46,033,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Community Bank of Raymore increased its stake in The Kraft Heinz by 13.2% during the 4th quarter. Community Bank of Raymore now owns 384,700 shares of the company’s stock valued at $13,334,000 after purchasing an additional 44,964 shares in the last quarter. Butensky & Cohen Financial Security Inc. raised its stake in The Kraft Heinz by 32.9% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 82,575 shares of the company’s stock worth $2,862,000 after acquiring an additional 20,432 shares during the last quarter. Baird Financial Group Inc. lifted its position in The Kraft Heinz by 5.4% during the 4th quarter. Baird Financial Group Inc. now owns 284,404 shares of the company’s stock worth $9,858,000 after acquiring an additional 14,550 shares during the period. Columbus Macro LLC grew its stake in The Kraft Heinz by 319.5% during the 4th quarter. Columbus Macro LLC now owns 44,450 shares of the company’s stock valued at $1,541,000 after purchasing an additional 33,853 shares during the last quarter. Finally, Sowell Financial Services LLC grew its stake in The Kraft Heinz by 10.8% during the 4th quarter. Sowell Financial Services LLC now owns 134,470 shares of the company’s stock valued at $4,661,000 after purchasing an additional 13,108 shares during the last quarter. 58.93% of the stock is currently owned by institutional investors.
Shares of KHC stock opened at $41.99 on Tuesday. The company has a market capitalization of $51.36 billion, a PE ratio of -104.97, a price-to-earnings-growth ratio of 2.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.31 and a quick ratio of 0.96. The Kraft Heinz Company has a 12 month low of $28.12 and a 12 month high of $42.30. The firm’s 50-day moving average is $40.17 and its two-hundred day moving average is $35.41.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, May 28th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 27th. This represents a $1.60 dividend on an annualized basis and a yield of 3.81%. The Kraft Heinz’s dividend payout ratio (DPR) is presently 56.14%.
Several brokerages have recently issued reports on KHC. Deutsche Bank Aktiengesellschaft boosted their price objective on The Kraft Heinz from $41.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, April 27th. Credit Suisse Group raised their price objective on shares of The Kraft Heinz from $32.00 to $35.00 and gave the stock an “underperform” rating in a research note on Monday, March 29th. Stifel Nicolaus boosted their target price on shares of The Kraft Heinz from $33.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, February 12th. Jefferies Financial Group upped their price objective on shares of The Kraft Heinz from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, January 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $41.00 target price on shares of The Kraft Heinz in a research note on Wednesday, April 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.00.
About The Kraft Heinz
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy, meals, meats and seafood, frozen and chilled foods, packaged drinking pouches, appetizers, nuts and salted snacks, refreshment beverages, coffee, infant and nutrition products, and other grocery products, as well as desserts, dressings, toppings, and baking.
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