Oppenheimer & Co. Inc. Purchases 4,093 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Oppenheimer & Co. Inc. boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,895 shares of the company’s stock after purchasing an additional 4,093 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kraft Heinz were worth $3,315,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Solutions LLC acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $25,000. New Covenant Trust Company N.A. acquired a new position in Kraft Heinz during the first quarter valued at approximately $27,000. Asset Dedication LLC boosted its position in Kraft Heinz by 94.8% during the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Kraft Heinz in the second quarter valued at approximately $34,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $38,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Kraft Heinz Price Performance

Kraft Heinz stock opened at $35.59 on Monday. The stock’s fifty day moving average price is $34.49 and its two-hundred day moving average price is $35.04. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53. The firm has a market cap of $43.03 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the company earned $0.79 EPS. The company’s revenue was down 3.3% on a year-over-year basis. As a group, research analysts expect 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 will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a yield of 4.50%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KHC. Deutsche Bank Aktiengesellschaft cut their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Citigroup cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group began coverage on Kraft Heinz in a research report on Monday, August 12th. They issued a “sell” rating and a $34.00 price objective for the company. Bank of America cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Piper Sandler cut their price objective on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.50.

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.