OVERSEA CHINESE BANKING Corp Ltd Has $277,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 47.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,530 shares of the company’s stock after selling 6,898 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Kraft Heinz were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Fairfield Bush & CO. purchased a new stake in shares of Kraft Heinz during the 1st quarter worth about $65,000. Acadian Asset Management LLC lifted its holdings in shares of Kraft Heinz by 197.7% during the first quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock worth $90,000 after buying an additional 1,548 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Kraft Heinz by 4.0% in the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock valued at $624,000 after purchasing an additional 614 shares during the period. Sei Investments Co. grew its position in Kraft Heinz by 208.7% in the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock worth $4,679,000 after purchasing an additional 78,677 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Kraft Heinz during the first quarter valued at about $293,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $37.78 on Monday. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.47. The company’s 50-day moving average price is $35.91 and its two-hundred day moving average price is $35.41. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The firm has a market cap of $45.93 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. On average, equities analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.24%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s payout ratio is presently 69.26%.

Analysts Set New Price Targets

KHC has been the topic of a number of recent research reports. Citigroup started coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Bank of America boosted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their target price on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.57.

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.