Auxier Asset Management maintained its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,350 shares of the company’s stock at the end of the 2nd quarter. Auxier Asset Management’s holdings in The Kraft Heinz were worth $1,143,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Westside Investment Management Inc. raised its position in shares of The Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of The Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after buying an additional 950 shares in the last quarter. V Wealth Management LLC purchased a new stake in shares of The Kraft Heinz during the 2nd quarter valued at about $125,000. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares in the last quarter. Finally, GWM Advisors LLC purchased a new stake in shares of The Kraft Heinz during the 2nd quarter valued at about $137,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

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The Kraft Heinz Company (NASDAQ:KHC) opened at $79.38 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The company has a market cap of $97,294.67, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The Kraft Heinz Company has a one year low of $75.21 and a one year high of $97.77.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.15%. The Kraft Heinz’s dividend payout ratio is currently 77.88%.

Several brokerages have recently issued reports on KHC. BidaskClub upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley cut their price target on shares of The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. BMO Capital Markets cut their price target on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares Inc cut their price target on shares of The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $90.00 price target (down from $100.00) on shares of The Kraft Heinz in a report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.49.

About The Kraft Heinz

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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