9,900 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Oldfield Partners LLP

Oldfield Partners LLP bought a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 9,900 shares of the company’s stock, valued at approximately $366,000. Kraft Heinz makes up approximately 0.1% of Oldfield Partners LLP’s portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of KHC. ETF Store Inc. boosted its holdings in Kraft Heinz by 3.8% in the fourth quarter. ETF Store Inc. now owns 9,624 shares of the company’s stock valued at $356,000 after purchasing an additional 354 shares during the period. Savoir Faire Capital Management L.P. boosted its stake in shares of Kraft Heinz by 3.5% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 234,888 shares of the company’s stock valued at $8,686,000 after buying an additional 7,849 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Kraft Heinz by 27.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 11,860 shares of the company’s stock worth $439,000 after buying an additional 2,558 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kraft Heinz by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,577,285 shares of the company’s stock valued at $169,268,000 after acquiring an additional 137,169 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in Kraft Heinz by 87.8% in the fourth quarter. Apollon Wealth Management LLC now owns 22,222 shares of the company’s stock worth $822,000 after acquiring an additional 10,389 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 1.5 %

Shares of NASDAQ:KHC traded up $0.53 during midday trading on Friday, reaching $36.24. The company’s stock had a trading volume of 6,266,710 shares, compared to its average volume of 8,085,060. The firm has a market cap of $44.01 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 2.91 and a beta of 0.65. The business has a 50 day moving average price of $36.36 and a 200 day moving average price of $35.90. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $40.81. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter last year, the firm posted $0.68 earnings per share. Kraft Heinz’s revenue was down 1.2% on a year-over-year basis. Research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KHC shares. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Bank of America raised their price target on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Citigroup began coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Hold” and an average target price of $39.50.

Insiders Place Their Bets

In related news, insider Lande Rashida La sold 10,140 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now directly owns 158,266 shares of the company’s stock, valued at approximately $5,689,662.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

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.