HM Payson & Co. cut its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,123 shares of the company’s stock after selling 1,386 shares during the quarter. HM Payson & Co.’s holdings in The Kraft Heinz were worth $2,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. raised its position in shares of The Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of The Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in shares of The Kraft Heinz in the second quarter valued at approximately $121,000. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of The Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 62.06% of the company’s stock.

A number of equities analysts have recently commented on the stock. 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. Piper Jaffray Companies set a $92.00 price target on shares of The Kraft Heinz and gave the company a “hold” rating in a research report on Wednesday, August 16th. Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, August 5th. Finally, TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The Kraft Heinz presently has an average rating of “Buy” and a consensus target price of $92.49.

The Kraft Heinz Company (NASDAQ KHC) opened at $81.09 on Thursday. The Kraft Heinz Company has a 52-week low of $75.21 and a 52-week high of $97.77. The stock has a market cap of $96,234.61, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.19 and a beta of 0.43. 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 (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The Kraft Heinz’s revenue was up .7% compared to the same quarter last year. analysts expect 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 given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio (DPR) 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.

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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