Weiss Multi Strategy Advisers LLC reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 66.1% during the first quarter, Holdings Channel reports. The firm owned 40,117 shares of the company’s stock after selling 78,346 shares during the period. Weiss Multi Strategy Advisers LLC’s holdings in The Kraft Heinz were worth $3,643,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Rockefeller Financial Services Inc. boosted its position 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 period. Bollard Group LLC raised its stake in 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 in the last quarter. Crestwood Advisors Group LLC acquired a new stake in The Kraft Heinz during the first quarter valued at about $109,000. Blue Chip Partners Inc. raised its stake in 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in The Kraft Heinz during the first quarter valued at about $136,000. Institutional investors own 62.01% of the company’s stock.

The Kraft Heinz Company (NASDAQ KHC) traded down 0.30% on Thursday, hitting $86.20. The company’s stock had a trading volume of 1,122,110 shares. The firm has a 50 day moving average of $86.25 and a 200 day moving average of $89.80. The firm has a market cap of $105.01 billion, a price-to-earnings ratio of 27.63 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $79.69 and a 12 month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Equities research analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 2.89%. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio (DPR) is presently 76.68%.

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KHC has been the subject of several research analyst reports. TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank initiated coverage on The Kraft Heinz in a research note on Wednesday, June 7th. They set a “buy” rating and a $102.00 price objective for the company. Royal Bank Of Canada set a $96.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, June 3rd. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $96.00 price target on shares of The Kraft Heinz in a research note on Thursday, June 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.45.

The Kraft Heinz Company Profile

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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