Oppenheimer Asset Management Inc. Lowers Stake in The Kraft Heinz Company (NASDAQ:KHC)

Oppenheimer Asset Management Inc. reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 196,325 shares of the company’s stock after selling 7,875 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kraft Heinz were worth $6,029,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Sawyer & Company Inc purchased a new stake in Kraft Heinz during the 4th quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz during the third quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Kraft Heinz in the third quarter worth about $33,000. Larson Financial Group LLC grew its stake in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after buying an additional 636 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Piper Sandler dropped their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus cut their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Up 0.2 %

NASDAQ:KHC opened at $30.72 on Friday. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The stock has a 50-day simple moving average of $29.77 and a 200 day simple moving average of $32.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.21%. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Kraft Heinz Company 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.