24,768 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,768 shares of the company's stock, valued at approximately $761,000.

A number of other institutional investors have also made changes to their positions in KHC. Sawyer & Company Inc bought a new position in Kraft Heinz in the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $36,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Up 0.2 %

Kraft Heinz stock traded up $0.06 during trading on Tuesday, hitting $28.87. 12,553,006 shares of the company were exchanged, compared to its average volume of 9,157,798. The business's 50 day moving average is $30.05 and its 200 day moving average is $30.83. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.72. The company has a market capitalization of $34.45 billion, a P/E ratio of 12.77, a PEG ratio of 3.39 and a beta of 0.44. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Kraft Heinz's revenue was down 6.4% compared to the same quarter last year. Analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.54%. Kraft Heinz's dividend payout ratio (DPR) is currently 70.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Piper Sandler lowered their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Jefferies Financial Group decreased their target price on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Finally, Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of "Hold" and an average target price of $30.69.

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.