Landscape Capital Management L.L.C. Has $1.97 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Landscape Capital Management L.L.C. grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 458.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 64,106 shares of the company’s stock after acquiring an additional 52,632 shares during the period. Landscape Capital Management L.L.C.’s holdings in Kraft Heinz were worth $1,969,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new stake in Kraft Heinz during the 4th quarter worth about $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz during the 4th quarter valued at about $29,000. R Squared Ltd bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $36,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KHC shares. Piper Sandler lowered their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Evercore ISI reaffirmed an “in-line” rating and set 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 target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Finally, Citigroup reaffirmed a “sell” rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a report on Friday. Four research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to data from MarketBeat, Kraft Heinz has an average rating of “Hold” and an average target price of $30.67.

Kraft Heinz Stock Down 3.7 %

KHC stock opened at $29.68 on Friday. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. 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 stock has a market capitalization of $35.42 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 3.39 and a beta of 0.44. The business’s fifty day moving average price is $30.09 and its two-hundred day moving average price is $31.56.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results 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 net margin of 10.62% and a return on equity of 7.58%. On average, equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. Kraft Heinz’s payout ratio is 70.80%.

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.