OVERSEA CHINESE BANKING Corp Ltd Has $2.19 Million Stock Holdings in Kraft Heinz Company $KHC

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Kraft Heinz Company (NASDAQ:KHC) by 722.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,726 shares of the company’s stock after purchasing an additional 74,430 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Kraft Heinz were worth $2,185,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Shell Asset Management Co. lifted its stake in shares of Kraft Heinz by 89.7% in the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock valued at $2,335,000 after acquiring an additional 42,758 shares during the last quarter. Lakeshore Capital Group Inc. raised its position in shares of Kraft Heinz by 39.8% in the 2nd quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock worth $957,000 after acquiring an additional 10,551 shares in the last quarter. Swedbank AB raised its position in shares of Kraft Heinz by 13.6% in the 1st quarter. Swedbank AB now owns 878,684 shares of the company’s stock worth $26,738,000 after acquiring an additional 104,872 shares in the last quarter. Bard Financial Services Inc. grew its stake in shares of Kraft Heinz by 24.5% in the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after buying an additional 20,500 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock valued at $2,746,000 after buying an additional 6,551 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Kraft Heinz in a research note on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price target for the company. Jefferies Financial Group cut their target price on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft lowered 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, October 13th. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Finally, UBS Group lowered their target price on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $28.65.

Kraft Heinz Stock Up 1.3%

Shares of NASDAQ:KHC opened at $25.59 on Tuesday. Kraft Heinz Company has a 52-week low of $24.80 and a 52-week high of $35.17. The firm has a fifty day moving average of $26.29 and a 200 day moving average of $27.09. The firm has a market capitalization of $30.29 billion, a PE ratio of -5.70, a price-to-earnings-growth ratio of 2.96 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio is presently -35.63%.

Kraft Heinz 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.