Oliver Luxxe Assets LLC Has $3.40 Million Position in The Kraft Heinz Company (KHC)

Oliver Luxxe Assets LLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,865 shares of the company’s stock after buying an additional 3,212 shares during the period. The Kraft Heinz comprises about 2.1% of Oliver Luxxe Assets LLC’s holdings, making the stock its 17th largest position. Oliver Luxxe Assets LLC’s holdings in The Kraft Heinz were worth $3,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its position in shares of The Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of The 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 valued at $110,000 after buying an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of The Kraft Heinz during the second quarter valued at approximately $121,000. Blue Chip Partners Inc. boosted its position in shares of The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the last quarter. Finally, GWM Advisors LLC purchased a new position in shares of The Kraft Heinz during the second quarter valued at approximately $137,000. 61.79% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://sportsperspectives.com/2017/11/21/oliver-luxxe-assets-llc-has-3-40-million-position-in-the-kraft-heinz-company-khc.html.

A number of brokerages recently commented on KHC. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. BMO Capital Markets dropped their price target on The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. BidaskClub upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Citigroup Inc. dropped their price target on The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $92.49.

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at $79.93 on Tuesday. The stock has a market capitalization of $97,010.00 and a price-to-earnings ratio of 22.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The Kraft Heinz Company has a one year low of $75.21 and a one year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. equities research analysts predict that The Kraft Heinz Company will post 3.61 EPS for the current year.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.13%. The Kraft Heinz’s payout ratio is presently 77.88%.

About The 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.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply