Oak Thistle LLC Makes New $1.69 Million Investment in Kraft Heinz Company (NASDAQ:KHC)

Oak Thistle LLC bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 55,358 shares of the company's stock, valued at approximately $1,685,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rossby Financial LCC acquired a new position in Kraft Heinz during the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz during the 1st quarter valued at about $33,000. Pinney & Scofield Inc. acquired a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $38,000. Abound Wealth Management lifted its stake in shares of Kraft Heinz by 1,157.0% in the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after acquiring an additional 1,157 shares during the period. Finally, Capital Analysts LLC lifted its stake in shares of Kraft Heinz by 50.5% in the 4th quarter. Capital Analysts LLC now owns 1,507 shares of the company's stock worth $47,000 after acquiring an additional 506 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.3%

Kraft Heinz stock traded down $0.10 during trading hours on Friday, hitting $28.68. The company had a trading volume of 8,521,402 shares, compared to its average volume of 19,020,060. The firm has a market capitalization of $33.94 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 3.37 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. The firm's fifty day moving average is $26.77 and its 200-day moving average is $28.57. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.58%. Kraft Heinz's dividend payout ratio is presently 73.06%.

Analyst Ratings Changes

A number of analysts have recently weighed in on KHC shares. Citigroup reaffirmed a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. UBS Group reduced their price target on shares of Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, May 9th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Finally, Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their target price for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $30.29.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.35% of the company's stock.

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.