Atlantic Trust Group LLC cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,610 shares of the company’s stock after selling 55 shares during the period. Atlantic Trust Group LLC’s holdings in The Kraft Heinz were worth $2,144,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Financial Services Inc. boosted its stake in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC boosted its stake in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of The Kraft Heinz during the first quarter valued at approximately $109,000. Blue Chip Partners Inc. boosted its stake in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of The Kraft Heinz during the first quarter valued at approximately $136,000. Hedge funds and other institutional investors own 61.95% of the company’s stock.

The Kraft Heinz Company (NASDAQ:KHC) opened at 85.90 on Friday. The firm has a market capitalization of $104.59 billion, a price-to-earnings ratio of 30.57 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77. The company has a 50-day moving average of $88.18 and a 200-day moving average of $89.85.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.01. The Kraft Heinz had a net margin of 13.12% and a return on equity of 7.25%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

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KHC has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) upped their target price on shares of The Kraft Heinz from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 4th. Vetr upgraded shares of The Kraft Heinz from a “hold” rating to a “buy” rating and set a $95.36 target price for the company in a research report on Monday, March 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $98.00 target price on shares of The Kraft Heinz in a research report on Tuesday, April 25th. Berenberg Bank initiated coverage on shares of The Kraft Heinz in a research report on Wednesday, June 7th. They set a “buy” rating and a $102.00 target price for the company. Finally, BMO Capital Markets reissued a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz presently has an average rating of “Buy” and an average price target of $97.96.

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.

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

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