Kraft Heinz Company $KHC Stock Holdings Increased by OFI Invest Asset Management

OFI Invest Asset Management increased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 45.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,387 shares of the company’s stock after purchasing an additional 1,064 shares during the quarter. OFI Invest Asset Management’s holdings in Kraft Heinz were worth $87,000 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 KHC. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz during the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz during the first quarter valued at approximately $33,000. Investment Management Corp VA ADV raised its holdings in shares of Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after acquiring an additional 669 shares during the period. Abound Wealth Management raised its holdings in shares of Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in shares of Kraft Heinz during the first quarter valued at approximately $40,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

KHC stock opened at $25.11 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $29.72 billion, a price-to-earnings ratio of -5.59, a P/E/G ratio of 2.94 and a beta of 0.16. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $36.31. The firm has a 50 day moving average of $26.70 and a two-hundred day moving average of $27.36.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. The company had revenue of $6.39 billion during the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s payout ratio is currently -35.63%.

Analyst Ratings Changes

KHC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and boosted their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Finally, Barclays lowered their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $29.06.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares of the company’s stock, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

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.