Mountain Hill Investment Partners Corp. Acquires Shares of 941 The Kraft Heinz Company (NASDAQ:KHC)

Mountain Hill Investment Partners Corp. bought a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 941 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors have also recently made changes to their positions in the company. Sawyer & Company Inc purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth $26,000. Larson Financial Group LLC grew its position in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares in the last quarter. R Squared Ltd bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management purchased a new stake in Kraft Heinz during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $29.52 on Monday. The company’s fifty day moving average is $29.92 and its 200 day moving average is $31.90. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a market cap of $35.28 billion, a PE ratio of 13.06, a PEG ratio of 3.39 and a beta of 0.40.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KHC shares. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price target for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $31.00 in a report on Monday, February 10th. TD Cowen cut their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Piper Sandler decreased their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus dropped their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.86.

About Kraft Heinz

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.