Oppenheimerfunds, Inc. Lowers Its Ownership in Kraft Heinz Co Cmn (KHC) Stock

Cornelia Mascio
Novembre 15, 2017

PiperJaffray upgraded Kraft Heinz Co (NASDAQ:KHC) on Friday, October 6 to "Overweight" rating. The days to cover increased to 5.0 and the percentage of shorted shares is 0.01% as of October 13. Short shares decreased 1,276,348 over that timeframe.

A number of research analysts have recently commented on the stock. The company was maintained on Friday, August 4 by BMO Capital Markets.

The Kraft Heinz Company (NASDAQ:KHC) has seen its stock price gain 7.47, or -8.55%, so far in 2017. Piper Jaffray Companies upgraded The Kraft Heinz from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $92.00 to $90.00 in a report on Friday, October 6th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock.

Other hedge funds and other institutional investors have also modified their holdings of the company. Haverford Trust Co expanded its position by buying 14,651 shares an increase of 3.4%. Haverford Trust Co controls 440,794 shares with a value of $34,184,000. As of quarter end American International Group Inc had disposed of 20,446 shares trimming its position 6.4%. Of those insider trades, 0 shares of The Kraft Heinz Company were purchased and 0 shares were sold. Its stake stood at $360,632,000 a decrease of 10.6% as of quarter end. Alliancebernstein L.P. trimmed its stake by shedding 1,635,654 shares a decrease of 61.5% from 06/30/2017 to 09/30/2017. Ltd. now owns 1,280 shares of the company's stock valued at $110,000 after purchasing an additional 950 shares during the last quarter. The Kraft Heinz's quarterly revenue was up.7% compared to the same quarter past year. Three Peaks Capital Management, LLC now owns 124,942 shares valued at $9,689,000. RBC Capital Markets initiated Kraft Heinz Co (NASDAQ:KHC) on Tuesday, July 21 with "Outperform" rating. The stock had a trading volume of 3,254,200 shares, compared to its average volume of 3,089,256. The Kraft Heinz Company has a 12 month low of $75.21 and a 12 month high of $97.77.

The company is up by 0.04% since yesterday's close of 79.72. The firm has a market capitalization of $97,136.27, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. Kraft Heinz Co (NASDAQ:KHC) has risen 8.77% since November 14, 2016 and is uptrending. In the latest earnings report the EPS was $3.21 with 1.22B shares presently outstanding. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm's revenue for the quarter was up.7% compared to the same quarter previous year. BidaskClub downgraded The Kraft Heinz from a sell rating to a strong sell rating in a research report on Wednesday, July 5th. (NASDAQ:KHC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. Investors of record on Friday, November 17th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz's payout ratio is now 77.88%.

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The Kraft Heinz Company is a food and beverage company.

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