OVERSEA CHINESE BANKING Corp Ltd Has $257,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 75.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other large investors have also recently bought and sold shares of the stock. New York Life Investment Management LLC raised its stake 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 valued at $3,995,000 after buying an additional 361 shares in the last quarter. Checchi Capital Advisers LLC raised its stake 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 valued at $223,000 after buying an additional 366 shares in the last quarter. Winch Advisory Services LLC raised its stake 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 valued at $70,000 after buying an additional 380 shares in the last quarter. Cohen Investment Advisors LLC raised its stake 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 valued at $315,000 after buying an additional 487 shares in the last quarter. Finally, LMG Wealth Partners LLC raised its stake 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 valued at $1,137,000 after buying an additional 498 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. TD Cowen lowered their target price 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 lowered their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Jefferies Financial Group lowered their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Piper Sandler lowered their target price 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. Two analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $29.71 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a market cap of $35.50 billion, a PE ratio of 13.15, a PEG ratio of 3.39 and a beta of 0.40. The company’s 50-day moving average is $29.90 and its two-hundred day moving average is $32.00.

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

Kraft Heinz Dividend Announcement

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