941 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. bought a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 941 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in Kraft Heinz in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC boosted its holdings in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Kraft Heinz in the 4th quarter valued at $36,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on KHC. JPMorgan Chase & Co. reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Jefferies Financial Group reduced their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group decreased their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $29.52 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a 50-day moving average of $29.92 and a 200-day moving average of $31.90. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a market cap of $35.28 billion, a P/E ratio of 13.06, a P/E/G ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.42%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.