Farmers & Merchants Investments Inc. cut its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 104,320 shares of the company’s stock after selling 759 shares during the period. Farmers & Merchants Investments Inc.’s holdings in The Kraft Heinz were worth $8,932,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Financial Services Inc. increased its position in shares of 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. Bollard Group LLC increased its position in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of The Kraft Heinz during the first quarter worth approximately $109,000. V Wealth Management LLC purchased a new position in shares of The Kraft Heinz during the second quarter worth approximately $125,000. Finally, Blue Chip Partners Inc. increased its position in shares of 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. Hedge funds and other institutional investors own 62.01% of the company’s stock.

Shares of The Kraft Heinz Company (KHC) traded up 0.71% during midday trading on Friday, reaching $86.50. The company had a trading volume of 1,248,024 shares. The company’s 50 day moving average price is $86.15 and its 200 day moving average price is $89.78. The stock has a market capitalization of $105.38 billion, a PE ratio of 27.72 and a beta of 0.44. The Kraft Heinz Company has a 52-week low of $79.69 and a 52-week high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Equities research analysts expect 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. Stockholders of record on Friday, August 18th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is presently 76.68%.

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KHC has been the subject of a number of recent research reports. TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Berenberg Bank initiated coverage on shares of The Kraft Heinz in a report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price for the company. Royal Bank Of Canada set a $96.00 target price on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, June 3rd. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, July 29th. Finally, Zacks Investment Research upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $97.45.

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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