Oder Investment Management LLC Decreases Stake in The Kraft Heinz Company (NASDAQ:KHC)

Oder Investment Management LLC lowered its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 14.0% in the 4th quarter, Holdings Channel reports. The firm owned 5,814 shares of the company’s stock after selling 945 shares during the period. Oder Investment Management LLC’s holdings in Kraft Heinz were worth $215,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Kraft Heinz during the third quarter valued at $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Kraft Heinz during the fourth quarter valued at $32,000. BKM Wealth Management LLC purchased a new stake in Kraft Heinz during the fourth quarter valued at $33,000. Headinvest LLC purchased a new stake in Kraft Heinz during the third quarter valued at $38,000. Finally, VisionPoint Advisory Group LLC increased its position in Kraft Heinz by 326.1% during the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after acquiring an additional 936 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $2.55 during mid-day trading on Wednesday, reaching $36.06. The stock had a trading volume of 6,229,226 shares, compared to its average volume of 8,002,032. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The company has a market cap of $43.84 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The business’s 50 day moving average price is $36.34 and its 200 day moving average price is $35.71.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Research analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.44%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KHC. Wells Fargo & Company cut their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Bank of America boosted their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.57.

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.