The Kraft Heinz Company (KHC) Holdings Trimmed by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,271 shares of the company’s stock after selling 572 shares during the period. Oppenheimer & Co. Inc.’s holdings in The Kraft Heinz were worth $2,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Blue Chip Partners Inc. lifted its stake in The Kraft Heinz by 0.5% during the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after purchasing an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake in The Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after purchasing an additional 16 shares during the last quarter. National Asset Management Inc. lifted its stake in shares of The Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after acquiring an additional 21 shares during the last quarter. First Foundation Advisors lifted its stake in shares of The Kraft Heinz by 0.5% in the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after acquiring an additional 23 shares during the last quarter. Finally, RMB Capital Management LLC lifted its stake in shares of The Kraft Heinz by 0.9% in the 1st quarter. RMB Capital Management LLC now owns 2,631 shares of the company’s stock valued at $239,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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The Kraft Heinz Company (NASDAQ:KHC) opened at 78.15 on Friday. The company’s 50-day moving average price is $79.18 and its 200 day moving average price is $79.18. The Kraft Heinz Company has a 12 month low of $76.76 and a 12 month high of $97.77. The company has a market capitalization of $95.21 billion, a price-to-earnings ratio of 25.05 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were paid a $0.625 dividend. The ex-dividend date was Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 3.20%. The Kraft Heinz’s payout ratio is currently 79.87%.

KHC has been the subject of a number of research reports. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a research note on Thursday, June 15th. BidaskClub cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $99.00 price target (down from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $91.00 price target (down from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $96.36.

The Kraft Heinz Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

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Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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