AE Wealth Management LLC lifted its position in Kraft Heinz Co (NASDAQ:KHC) by 70.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,498 shares of the company’s stock after purchasing an additional 3,937 shares during the quarter. AE Wealth Management LLC’s holdings in Kraft Heinz were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Kraft Heinz by 0.8% during the 1st quarter. BlackRock Inc. now owns 35,345,299 shares of the company’s stock worth $2,201,661,000 after buying an additional 271,341 shares in the last quarter. Magellan Asset Management Ltd lifted its position in Kraft Heinz by 39.6% during the 2nd quarter. Magellan Asset Management Ltd now owns 33,621,370 shares of the company’s stock worth $2,112,094,000 after buying an additional 9,529,235 shares in the last quarter. FMR LLC lifted its position in Kraft Heinz by 34.4% during the 2nd quarter. FMR LLC now owns 8,254,817 shares of the company’s stock worth $518,567,000 after buying an additional 2,111,198 shares in the last quarter. Federated Investors Inc. PA lifted its position in Kraft Heinz by 39,913.8% during the 2nd quarter. Federated Investors Inc. PA now owns 3,407,179 shares of the company’s stock worth $214,038,000 after buying an additional 3,398,664 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Kraft Heinz by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 2,891,188 shares of the company’s stock worth $181,612,000 after buying an additional 93,997 shares in the last quarter. Institutional investors and hedge funds own 62.84% of the company’s stock.

A number of research firms have issued reports on KHC. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th. Jefferies Financial Group restated a “buy” rating and set a $75.00 target price on shares of Kraft Heinz in a research report on Tuesday, August 7th. BidaskClub downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. Bank of America set a $85.00 target price on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 6th. Finally, Susquehanna Bancshares set a $58.00 target price on shares of Kraft Heinz and gave the company a “hold” rating in a research report on Tuesday, May 22nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $75.25.

Shares of NASDAQ:KHC opened at $58.97 on Friday. The company has a market capitalization of $72.08 billion, a P/E ratio of 16.61, a PEG ratio of 2.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 1.05. Kraft Heinz Co has a fifty-two week low of $54.11 and a fifty-two week high of $82.48.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, August 3rd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.57 billion. Kraft Heinz had a net margin of 40.85% and a return on equity of 6.16%. Kraft Heinz’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. analysts forecast that Kraft Heinz Co will post 3.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 17th were given a $0.625 dividend. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.24%. Kraft Heinz’s dividend payout ratio is 70.42%.

In related news, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $59.85, for a total value of $1,234,724,292.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eduardo Pelleissone sold 35,000 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $63.85, for a total transaction of $2,234,750.00. The disclosure for this sale can be found here. Company insiders own 26.81% of the company’s stock.

Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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