The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 95.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,900 shares of the company's stock after selling 887,084 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Kraft Heinz were worth $1,331,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clifford Capital Partners LLC increased its position in Kraft Heinz by 21.4% during the second quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company's stock worth $14,656,000 after buying an additional 80,101 shares during the period. Lazard Asset Management LLC increased its position in Kraft Heinz by 13.2% during the first quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company's stock worth $74,053,000 after buying an additional 234,783 shares during the period. Smith Thornton Advisors LLC acquired a new position in Kraft Heinz during the second quarter worth approximately $654,000. MBB Public Markets I LLC acquired a new position in Kraft Heinz during the second quarter worth approximately $2,001,000. Finally, Sei Investments Co. increased its position in Kraft Heinz by 12.8% during the second quarter. Sei Investments Co. now owns 760,222 shares of the company's stock worth $24,495,000 after buying an additional 86,311 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

KHC stock traded down $0.29 on Friday, reaching $34.74. 7,533,096 shares of the company's stock were exchanged, compared to its average volume of 7,747,039. The stock has a fifty day moving average of $35.29 and a 200-day moving average of $34.91. The Kraft Heinz Company has a twelve month low of $31.08 and a twelve month high of $38.96. The firm has a market cap of $42.00 billion, a PE ratio of 22.27, a P/E/G ratio of 3.48 and a beta of 0.49. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, beating 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 business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.55 billion. During the same quarter last year, the business posted $0.79 earnings per share. The business's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, August 30th. Kraft Heinz's dividend payout ratio is currently 102.56%.

Insider Activity

In related news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KHC shares. Barclays lifted their price target on Kraft Heinz from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 1st. Stifel Nicolaus lowered Kraft Heinz from a "buy" rating to a "hold" rating and dropped their target price for the company from $40.00 to $38.00 in a report on Friday. The Goldman Sachs Group started coverage on Kraft Heinz in a report on Monday, August 12th. They issued a "sell" rating and a $34.00 target price on the stock. Evercore ISI dropped their target price on Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. Finally, Citigroup dropped their target price on Kraft Heinz from $41.00 to $39.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $37.58.

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.