Huntington National Bank boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 270,235 shares of the company’s stock after purchasing an additional 22,004 shares during the period. Huntington National Bank’s holdings in The Kraft Heinz were worth $20,957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mastrapasqua Asset Management Inc. lifted its position in shares of The Kraft Heinz by 17.2% during the 1st quarter. Mastrapasqua Asset Management Inc. now owns 7,586 shares of the company’s stock valued at $689,000 after acquiring an additional 1,115 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of The Kraft Heinz by 8.6% during the 1st quarter. Venturi Wealth Management LLC now owns 91,819 shares of the company’s stock valued at $8,493,000 after acquiring an additional 7,309 shares during the last quarter. Tredje AP fonden lifted its position in shares of The Kraft Heinz by 20.8% during the 1st quarter. Tredje AP fonden now owns 68,043 shares of the company’s stock valued at $6,179,000 after acquiring an additional 11,720 shares during the last quarter. Steinberg Global Asset Management raised its stake in The Kraft Heinz by 4.4% during the 1st quarter. Steinberg Global Asset Management now owns 83,289 shares of the company’s stock valued at $7,563,000 after purchasing an additional 3,538 shares during the period. Finally, Alliancebernstein L.P. raised its stake in The Kraft Heinz by 75.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,779,354 shares of the company’s stock valued at $161,583,000 after purchasing an additional 766,682 shares during the period. Hedge funds and other institutional investors own 61.79% of the company’s stock.

Shares of The Kraft Heinz Company (KHC) opened at $80.01 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The stock has a market cap of $97,392.15, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is presently 77.88%.

Several analysts have issued reports on KHC shares. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a research note on Wednesday, September 6th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $84.00 price target on shares of The Kraft Heinz in a research note on Thursday, September 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 price target on shares of The Kraft Heinz in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz currently has a consensus rating of “Buy” and a consensus price target of $92.49.

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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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