Farmers National Bank cut its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 18.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,024 shares of the company’s stock after selling 5,726 shares during the quarter. The Kraft Heinz comprises approximately 1.3% of Farmers National Bank’s holdings, making the stock its 26th largest position. Farmers National Bank’s holdings in The Kraft Heinz were worth $2,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Symphony Asset Management LLC raised its position in shares of The Kraft Heinz by 15.6% in the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after purchasing an additional 4,377 shares during the period. Pennsylvania Trust Co raised its position in shares of The Kraft Heinz by 8.9% in the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after purchasing an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in shares of The Kraft Heinz by 40.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after purchasing an additional 1,760 shares during the period. Creative Planning raised its position in shares of The Kraft Heinz by 1.9% in the second quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after purchasing an additional 1,485 shares during the period. Finally, Green Valley Investors LLC raised its position in shares of The Kraft Heinz by 153.4% in the second quarter. Green Valley Investors LLC now owns 498,156 shares of the company’s stock valued at $42,662,000 after purchasing an additional 301,583 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Farmers National Bank Has $2.14 Million Holdings in The Kraft Heinz Company (KHC)” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/farmers-national-bank-has-2-14-million-holdings-in-the-kraft-heinz-company-khc/1708914.html.

The Kraft Heinz Company (NASDAQ KHC) opened at $79.68 on Friday. The Kraft Heinz Company has a 52-week low of $75.21 and a 52-week high of $97.77. The stock has a market cap of $95,990.91, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.18 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. analysts expect that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.

A number of equities analysts have recently commented on KHC shares. UBS AG reissued a “buy” rating and issued a $89.00 price target (down previously from $97.00) on shares of The Kraft Heinz in a research report on Friday, October 13th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. BidaskClub raised shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Piper Jaffray Companies raised shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price target on shares of The Kraft Heinz in a research report on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz presently has an average rating of “Buy” and a consensus target price 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.

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.