Beacon Investment Advisory Services Inc. grew its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 1,006.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,354 shares of the company’s stock after purchasing an additional 57,628 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Kraft Heinz were worth $4,913,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KHC. BlackRock Inc. grew its stake in Kraft Heinz by 2,314.8% in the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after acquiring an additional 31,204,852 shares during the period. Morgan Stanley grew its stake in Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after acquiring an additional 2,988,664 shares during the period. FMR LLC grew its stake in Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after acquiring an additional 2,659,846 shares during the period. Vanguard Group Inc. grew its stake in Kraft Heinz by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after acquiring an additional 1,585,231 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Kraft Heinz in the 2nd quarter valued at $102,151,000. 62.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Kraft Heinz Co (NASDAQ KHC) opened at $79.37 on Tuesday. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77. 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 stock has a market cap of $96,916.95, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45.

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 consensus estimate of $0.83. 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 for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts forecast that Kraft Heinz Co will post 3.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a dividend of $0.625 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.15%. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Thursday, September 21st. Credit Suisse Group set a $100.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. BMO Capital Markets reissued a “hold” rating and issued a $96.00 price target on shares of Kraft Heinz in a research note on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.49.

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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 Kraft Heinz (NASDAQ:KHC)

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