Oregon Public Employees Retirement Fund Sells 39,040 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Oregon Public Employees Retirement Fund trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 419,739 shares of the company’s stock after selling 39,040 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kraft Heinz were worth $16,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. AlphaMark Advisors LLC increased its position in shares of Kraft Heinz by 521.7% during the fourth quarter. AlphaMark Advisors LLC now owns 715 shares of the company’s stock worth $26,000 after acquiring an additional 600 shares during the period. TAP Consulting LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth $29,000. Larson Financial Group LLC raised its holdings in shares of Kraft Heinz by 383.7% in the fourth quarter. Larson Financial Group LLC now owns 803 shares of the company’s stock worth $29,000 after buying an additional 637 shares during the last quarter. Rather & Kittrell Inc. purchased a new position in shares of Kraft Heinz during the fourth quarter worth $33,000. Finally, Ellevest Inc. raised its holdings in shares of Kraft Heinz by 86.8% during the fourth quarter. Ellevest Inc. now owns 1,022 shares of the company’s stock worth $37,000 after purchasing an additional 475 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors.

KHC has been the topic of several research analyst reports. TheStreet upgraded shares of Kraft Heinz from a “c+” rating to a “b” rating in a research report on Monday, March 28th. UBS Group lowered shares of Kraft Heinz from a “neutral” rating to a “sell” rating and decreased their target price for the company from $40.00 to $34.00 in a report on Thursday, May 26th. StockNews.com assumed coverage on shares of Kraft Heinz in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, BMO Capital Markets raised shares of Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.29.

In related news, CEO Miguel Patricio sold 259,958 shares of Kraft Heinz stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $44.28, for a total value of $11,510,940.24. Following the sale, the chief executive officer now owns 1,897,433 shares of the company’s stock, valued at approximately $84,018,333.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marcos Eloi Lima sold 28,855 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $36.97, for a total value of $1,066,769.35. Following the completion of the transaction, the executive vice president now owns 193,938 shares of the company’s stock, valued at $7,169,887.86. The disclosure for this sale can be found here. Insiders have sold 305,094 shares of company stock valued at $13,171,478 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

NASDAQ:KHC traded up $0.50 on Friday, hitting $38.64. 6,971,444 shares of the company’s stock traded hands, compared to its average volume of 8,068,436. The company has a current ratio of 1.02, a quick ratio of 0.68 and a debt-to-equity ratio of 0.42. The Kraft Heinz Company has a 1 year low of $32.78 and a 1 year high of $44.87. The firm has a 50-day moving average price of $39.44 and a 200-day moving average price of $38.43. The company has a market cap of $47.29 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.86 and a beta of 0.85.

Kraft Heinz (NASDAQ:KHCGet Rating) last announced its earnings results on Wednesday, April 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Kraft Heinz had a return on equity of 6.95% and a net margin of 4.77%. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. On average, research analysts forecast that The Kraft Heinz Company will post 2.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, May 27th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 26th. This represents a $1.60 annualized dividend and a yield of 4.14%. Kraft Heinz’s dividend payout ratio is currently 161.62%.

Kraft Heinz Profile (Get Rating)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

Further Reading

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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