The Kraft Heinz Company (NASDAQ:KHC) Holdings Lowered by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 75.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,379 shares of the company’s stock after selling 25,181 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Kraft Heinz were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. New York Life Investment Management LLC raised its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after purchasing an additional 361 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after purchasing an additional 366 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares in the last quarter. Cohen Investment Advisors LLC raised its holdings in shares of Kraft Heinz by 5.0% in the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock worth $315,000 after purchasing an additional 487 shares in the last quarter. Finally, LMG Wealth Partners LLC raised its holdings in shares of Kraft Heinz by 1.4% in the 4th quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock worth $1,137,000 after purchasing an additional 498 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

KHC stock opened at $29.71 on Friday. 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 company has a market capitalization of $35.50 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The firm has a 50 day moving average of $29.90 and a two-hundred day moving average of $32.00.

Kraft Heinz (NASDAQ:KHC) last posted 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%. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. TD Cowen cut their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Evercore ISI restated an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus 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.