Ledyard National Bank lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,701 shares of the company’s stock after selling 27 shares during the period. Ledyard National Bank’s holdings in The Kraft Heinz were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockefeller Financial Services Inc. increased its stake in The Kraft Heinz by 240.2% in the 1st 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. Blue Chip Partners Inc. increased its stake in The Kraft Heinz by 0.5% in the 1st 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. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in The Kraft Heinz in the 1st quarter valued at about $136,000. Enterprise Financial Services Corp increased its stake in The Kraft Heinz by 11.8% in the 1st quarter. Enterprise Financial Services Corp now owns 1,521 shares of the company’s stock valued at $138,000 after buying an additional 160 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in The Kraft Heinz by 7.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after buying an additional 100 shares during the last quarter. Institutional investors own 61.91% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded down 0.32% during midday trading on Friday, hitting $81.02. 3,411,246 shares of the stock traded hands. The company’s 50-day moving average is $81.98 and its 200 day moving average is $87.14. The firm has a market capitalization of $98.70 billion, a PE ratio of 25.97 and a beta of 0.45. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders 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 dividend yield of 3.08%. This is a boost 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 payout ratio is presently 79.87%.

Several research firms have commented on KHC. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, June 3rd. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $84.00 price objective on shares of The Kraft Heinz in a research note on Thursday. Zacks Investment Research upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $99.00 price objective (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Finally, TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The Kraft Heinz presently has an average rating of “Buy” and an average target price of $97.18.

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The Kraft Heinz 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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