Kraft Heinz Co (KHC) Shares Bought by Pittenger & Anderson Inc.
Pittenger & Anderson Inc. increased its position in Kraft Heinz Co (NASDAQ:KHC) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,399 shares of the company’s stock after purchasing an additional 2,628 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Kraft Heinz were worth $2,208,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Haverford Trust Co. raised its stake in Kraft Heinz by 1.0% during the fourth quarter. Haverford Trust Co. now owns 445,305 shares of the company’s stock valued at $34,627,000 after buying an additional 4,511 shares during the last quarter. Geode Capital Management LLC raised its stake in Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 6,822,492 shares of the company’s stock valued at $529,480,000 after buying an additional 202,168 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Kraft Heinz during the fourth quarter valued at $148,000. Icon Wealth Partners LLC purchased a new position in Kraft Heinz during the fourth quarter valued at $187,000. Finally, Harwood Advisory Group LLC raised its stake in Kraft Heinz by 18.9% during the fourth quarter. Harwood Advisory Group LLC now owns 5,356 shares of the company’s stock valued at $417,000 after buying an additional 851 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.
Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $67.17 on Friday. The company has a market capitalization of $81,525.66, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 1.80 and a beta of 0.58. Kraft Heinz Co has a fifty-two week low of $66.36 and a fifty-two week high of $93.88. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 0.43.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Thursday, March 8th. Kraft Heinz’s payout ratio is currently 27.90%.
A number of brokerages have issued reports on KHC. Credit Suisse Group upgraded Kraft Heinz to a “buy” rating and set a $77.00 price objective for the company in a research note on Monday, February 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $81.00 price objective (down previously from $87.00) on shares of Kraft Heinz in a research note on Tuesday, February 20th. Morgan Stanley lowered their price objective on Kraft Heinz from $88.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 20th. UBS Group set a $80.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, DZ Bank upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $86.52.
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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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