Baker Ellis Asset Management LLC cut its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,133 shares of the company’s stock after selling 68 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in The Kraft Heinz were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of The Kraft Heinz by 3.9% during the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after purchasing an additional 1,585,231 shares during the last quarter. BlackRock Inc. grew its holdings in shares of The Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after purchasing an additional 31,204,852 shares during the last quarter. State Street Corp grew its holdings in shares of The Kraft Heinz by 2.8% during the first quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after purchasing an additional 680,941 shares during the last quarter. FMR LLC grew its holdings in shares of The Kraft Heinz by 9.8% during the first quarter. FMR LLC now owns 8,856,976 shares of the company’s stock valued at $804,302,000 after purchasing an additional 790,267 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of The Kraft Heinz by 55.6% during the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after purchasing an additional 2,988,664 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

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Shares of The Kraft Heinz Company (KHC) opened at 79.87 on Thursday. The firm has a market capitalization of $97.30 billion, a P/E ratio of 25.60 and a beta of 0.45. The firm 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 52-week low of $79.13 and a 52-week high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. On average, equities research analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were issued a $0.625 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.13%. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.

KHC has been the subject of several recent research reports. Piper Jaffray Companies initiated coverage on The Kraft Heinz in a report on Wednesday, May 24th. They set a “neutral” rating and a $94.00 target price for the company. Royal Bank Of Canada set a $96.00 target price on The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, June 3rd. Berenberg Bank initiated coverage on The Kraft Heinz in a report on Wednesday, June 7th. They set a “buy” rating and a $102.00 target price for the company. Susquehanna Bancshares Inc set a $99.00 price objective on The Kraft Heinz and gave the stock a “hold” rating in a report on Tuesday, June 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $96.00 price objective on shares of The Kraft Heinz in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $97.18.

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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