Oliver Luxxe Assets LLC boosted its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,865 shares of the company’s stock after buying an additional 3,212 shares during the quarter. Kraft Heinz makes up approximately 2.1% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 17th largest holding. Oliver Luxxe Assets LLC’s holdings in Kraft Heinz were worth $3,402,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in shares of Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after acquiring an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Kraft Heinz during the second quarter worth approximately $121,000. Blue Chip Partners Inc. raised its stake in shares of Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.
KHC has been the topic of several recent analyst reports. UBS reiterated a “buy” rating and issued a $89.00 price target (down previously from $97.00) on shares of Kraft Heinz in a report on Friday, October 13th. Credit Suisse Group set a $100.00 target price on Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday, September 10th. BidaskClub upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the company from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.49.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the business posted $0.83 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. sell-side analysts predict that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
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About Kraft Heinz
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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