Neville Rodie & Shaw Inc. decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 31.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,640 shares of the company’s stock after selling 1,634 shares during the period. Neville Rodie & Shaw Inc.’s holdings in The Kraft Heinz were worth $282,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Symphony Asset Management LLC grew its position in The Kraft Heinz by 15.6% in the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after buying an additional 4,377 shares during the last quarter. Pennsylvania Trust Co grew its position in The Kraft Heinz by 8.9% in the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock worth $5,663,000 after buying an additional 5,422 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in The Kraft Heinz by 40.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after buying an additional 1,760 shares during the last quarter. Creative Planning grew its position in The Kraft Heinz by 1.9% in the second quarter. Creative Planning now owns 80,094 shares of the company’s stock worth $6,859,000 after buying an additional 1,485 shares during the last quarter. Finally, Green Valley Investors LLC grew its position in The Kraft Heinz by 153.4% in the second quarter. Green Valley Investors LLC now owns 498,156 shares of the company’s stock worth $42,662,000 after buying an additional 301,583 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

KHC has been the topic of several recent research reports. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. BMO Capital Markets lowered their price objective on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. BidaskClub upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Citigroup Inc. lowered their price objective on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $92.49.

The Kraft Heinz Company (KHC) opened at $79.63 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The Kraft Heinz Company has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a market cap of $97,070.00 and a price-to-earnings ratio of 22.30.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the company posted $0.83 EPS. The Kraft Heinz’s revenue was up .7% on a year-over-year basis. sell-side analysts predict that The Kraft Heinz Company will post 3.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio is currently 77.88%.

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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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