Oldfield Partners LLP Buys 1,500 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Oldfield Partners LLP grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 15.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,400 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Kraft Heinz comprises 0.1% of Oldfield Partners LLP’s portfolio, making the stock its 26th biggest holding. Oldfield Partners LLP’s holdings in Kraft Heinz were worth $400,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in Kraft Heinz during the first quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its position in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares in the last quarter. Bangor Savings Bank purchased a new position in shares of Kraft Heinz in the 3rd quarter worth about $32,000. Asset Dedication LLC raised its holdings in shares of Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after buying an additional 476 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Kraft Heinz by 221.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,016 shares of the company’s stock worth $36,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. Bank of America lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Citigroup reduced their price target on Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Barclays upped their price objective on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Evercore ISI cut their target price on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $37.55.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $35.49 on Tuesday. The business has a fifty day simple moving average of $35.23 and a two-hundred day simple moving average of $34.93. The firm has a market capitalization of $43.10 billion, a P/E ratio of 15.50, a P/E/G ratio of 3.39 and a beta of 0.49. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $31.08 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the company earned $0.79 earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares in the company, valued at $5,182,920. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

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.