Blue Rock Advisors LLC purchased a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,000 shares of the company’s stock, valued at approximately $2,827,000. The Kraft Heinz comprises about 4.3% of Blue Rock Advisors LLC’s holdings, making the stock its 9th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Chip Partners Inc. raised its stake in shares of The Kraft Heinz by 0.5% during the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after purchasing an additional 8 shares during the period. Guardian Life Insurance Co. of America raised its stake in shares of The Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after purchasing an additional 16 shares during the period. National Asset Management Inc. raised its stake in shares of The Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after purchasing an additional 21 shares during the period. First Foundation Advisors raised its stake in shares of The Kraft Heinz by 0.5% during the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after purchasing an additional 23 shares during the period. Finally, RMB Capital Management LLC raised its stake in shares of The Kraft Heinz by 0.9% during the 1st quarter. RMB Capital Management LLC now owns 2,631 shares of the company’s stock valued at $239,000 after purchasing an additional 24 shares during the period. 61.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 77.74 on Monday. The stock has a market capitalization of $94.71 billion, a PE ratio of 24.92 and a beta of 0.44. The Kraft Heinz Company has a one year low of $76.76 and a one year high of $97.77. The company’s 50-day moving average price is $79.73 and its 200 day moving average price is $86.54.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.

A number of analysts recently issued reports on KHC shares. BidaskClub lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co restated an “overweight” rating and issued a $99.00 target price (down from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $91.00 target price (down from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, July 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $95.53.

WARNING: “Blue Rock Advisors LLC Purchases Shares of 33,000 The Kraft Heinz Company (KHC)” was published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/blue-rock-advisors-llc-purchases-shares-of-33000-the-kraft-heinz-company-khc/1633790.html.

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.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).

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

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with Analyst Ratings Network's FREE daily email newsletter.