Barings LLC held its position in The Kraft Heinz Company (NASDAQ:KHC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,497 shares of the company’s stock at the end of the first quarter. Barings LLC’s holdings in The Kraft Heinz were worth $1,407,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KHC. Rockefeller Financial Services Inc. boosted its position in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in The Kraft Heinz during the first quarter worth $109,000. Blue Chip Partners Inc. boosted its position in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in The Kraft Heinz during the first quarter worth $136,000. Finally, Enterprise Financial Services Corp boosted its position in The Kraft Heinz by 11.8% in the first quarter. Enterprise Financial Services Corp now owns 1,521 shares of the company’s stock worth $138,000 after buying an additional 160 shares in the last quarter. Institutional investors own 61.91% of the company’s stock.

The Kraft Heinz Company (KHC) traded down 0.67% during midday trading on Tuesday, reaching $81.59. 708,128 shares of the company traded hands. The Kraft Heinz Company has a 12 month low of $79.69 and a 12 month high of $97.77. The firm has a market capitalization of $99.40 billion, a PE ratio of 26.15 and a beta of 0.44. The company’s 50-day moving average price is $85.74 and its 200 day moving average price is $89.47.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the company posted $0.85 EPS. The Kraft Heinz’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a $0.625 dividend. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.04%. The Kraft Heinz’s dividend payout ratio (DPR) is 79.87%.

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A number of research firms have weighed in on KHC. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $85.00 target price (down from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Finally, BidaskClub upgraded shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $97.31.

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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