Occudo Quantitative Strategies LP Acquires 47,784 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Occudo Quantitative Strategies LP boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 638.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,270 shares of the company's stock after acquiring an additional 47,784 shares during the period. Occudo Quantitative Strategies LP's holdings in Kraft Heinz were worth $1,697,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz in the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz during the fourth quarter worth $34,000. Finally, OFI Invest Asset Management bought a new position in Kraft Heinz in the fourth quarter valued at about $36,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Up 0.9%

Shares of KHC traded up $0.25 during midday trading on Friday, hitting $27.74. The stock had a trading volume of 8,892,694 shares, compared to its average volume of 9,238,470. The company has a 50 day simple moving average of $29.29 and a two-hundred day simple moving average of $30.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a twelve month low of $27.14 and a twelve month high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results 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. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the business earned $0.69 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. On average, analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analyst Ratings Changes

A number of research analysts have issued reports on KHC shares. Sanford C. Bernstein downgraded 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 report on Tuesday, April 22nd. Morgan Stanley assumed coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective on the stock. Barclays reduced their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus cut their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $30.65.

About Kraft Heinz

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.