Capital Investment Advisory Services LLC raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,338 shares of the company’s stock after acquiring an additional 38 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in The Kraft Heinz were worth $200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Chip Partners Inc. lifted its holdings in shares of The Kraft Heinz by 0.5% during the first 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 during the period. Guardian Life Insurance Co. of America lifted its holdings in shares of The Kraft Heinz by 0.7% during the first 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 during the period. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of The Kraft Heinz by 0.6% during the first 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 during the period. National Asset Management Inc. lifted its holdings in shares of The Kraft Heinz by 0.5% during the first 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 during the period. Finally, First Foundation Advisors lifted its holdings in shares of The Kraft Heinz by 0.5% during the first quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after acquiring an additional 23 shares during the period. 61.80% of the stock is owned by institutional investors.

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Shares of The Kraft Heinz Company (KHC) opened at 80.83 on Wednesday. The firm has a market capitalization of $98.47 billion, a price-to-earnings ratio of 25.91 and a beta of 0.45. The company has a 50-day moving average price of $81.65 and a 200-day moving average price of $81.65. 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 posted its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Equities analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were given a $0.625 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 3.09%. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.

A number of brokerages have issued reports on KHC. Susquehanna Bancshares Inc reissued a “hold” rating and set a $84.00 price objective on shares of The Kraft Heinz in a report on Thursday, September 14th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a report on Wednesday, September 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $95.00 price target on shares of The Kraft Heinz in a report on Friday, September 1st. 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.18.

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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