Dark Forest Capital Management LP Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Dark Forest Capital Management LP raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 377.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,020 shares of the company’s stock after acquiring an additional 37,180 shares during the quarter. Dark Forest Capital Management LP’s holdings in Kraft Heinz were worth $1,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sawyer & Company Inc bought a new stake in Kraft Heinz during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz in the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $29,000. R Squared Ltd purchased a new position in shares of Kraft Heinz in the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $36,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KHC. Morgan Stanley started coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an “underweight” rating and a $29.00 price target on the stock. Piper Sandler dropped their target price on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Evercore ISI reiterated an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.69.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $30.20 on Wednesday. The firm’s fifty day moving average is $30.02 and its two-hundred day moving average is $31.00. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.30%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s 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.