Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,812 shares of the company's stock after buying an additional 14,487 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Kraft Heinz were worth $6,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. XML Financial LLC grew its stake in Kraft Heinz by 19.3% in the first quarter. XML Financial LLC now owns 8,525 shares of the company's stock worth $259,000 after purchasing an additional 1,377 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Kraft Heinz by 33.7% in the first quarter. JFS Wealth Advisors LLC now owns 9,307 shares of the company's stock worth $283,000 after purchasing an additional 2,345 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in Kraft Heinz by 7.9% in the first quarter. Brown Lisle Cummings Inc. now owns 27,236 shares of the company's stock worth $829,000 after purchasing an additional 2,001 shares in the last quarter. Crumly & Associates Inc. grew its stake in Kraft Heinz by 27.1% in the first quarter. Crumly & Associates Inc. now owns 9,212 shares of the company's stock worth $280,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Avantra Family Wealth Inc. bought a new position in Kraft Heinz in the first quarter worth approximately $659,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $0.18 during trading on Friday, reaching $25.61. 34,109,976 shares of the company's stock traded hands, compared to its average volume of 9,895,639. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm has a market cap of $30.31 billion, a PE ratio of 11.69, a P/E/G ratio of 3.00 and a beta of 0.27. The company has a 50-day simple moving average of $27.30 and a 200-day simple moving average of $29.01.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the firm earned $0.69 EPS. The company's quarterly revenue was down 6.4% on a year-over-year basis. As a group, analysts predict that 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 was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analysts Set New Price Targets

KHC has been the subject of several recent research reports. Cfra Research lowered Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Citigroup reiterated 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. Morgan Stanley initiated coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price for the company. Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $30.47.

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.