World Asset Management Inc decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,669 shares of the company’s stock after selling 8,077 shares during the quarter. World Asset Management Inc’s holdings in The Kraft Heinz were worth $4,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Chip Partners Inc. boosted its holdings in shares of The Kraft Heinz by 0.5% during the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after acquiring an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of The Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after acquiring an additional 16 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of The Kraft Heinz by 0.6% during the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock valued at $306,000 after acquiring an additional 21 shares in the last quarter. National Asset Management Inc. boosted its holdings in shares of The Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after acquiring an additional 21 shares in the last quarter. Finally, First Foundation Advisors boosted its holdings in shares of The Kraft Heinz by 0.5% during the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after acquiring an additional 23 shares in the last quarter. 61.91% of the stock is currently owned by institutional investors.

The Kraft Heinz Company (KHC) opened at 81.43 on Friday. The stock has a 50 day moving average price of $81.87 and a 200 day moving average price of $86.12. The company has a market capitalization of $99.20 billion, a price-to-earnings ratio of 26.10 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 posted its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The company had revenue of $6.68 billion during 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 Kraft Heinz’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business 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 year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a dividend of $0.625 per share. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is currently 79.87%.

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KHC has been the topic of several recent research reports. BidaskClub raised The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 target price on shares of The Kraft Heinz in a research report on Friday, September 1st. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $84.00 target price on shares of The Kraft Heinz in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $97.18.

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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