IFM Investors Pty Ltd acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,682 shares of the company’s stock, valued at approximately $1,429,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in The Kraft Heinz by 3.9% during the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after buying an additional 1,585,231 shares during the last quarter. BlackRock Inc. increased its holdings in The Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock worth $2,956,129,000 after buying an additional 31,204,852 shares during the last quarter. State Street Corp increased its holdings in The Kraft Heinz by 2.8% during the first quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after buying an additional 680,941 shares during the last quarter. FMR LLC increased its holdings in The Kraft Heinz by 9.8% during the first quarter. FMR LLC now owns 8,856,976 shares of the company’s stock worth $804,302,000 after buying an additional 790,267 shares during the last quarter. Finally, Morgan Stanley increased its holdings in The Kraft Heinz by 55.6% during the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after buying an additional 2,988,664 shares during the last quarter. Institutional investors and hedge funds own 61.76% of the company’s stock.

The Kraft Heinz Company (KHC) opened at 77.54 on Wednesday. The stock has a 50 day moving average of $79.73 and a 200-day moving average of $86.54. The Kraft Heinz Company has a 52-week low of $76.76 and a 52-week high of $97.77. The company has a market capitalization of $94.46 billion, a price-to-earnings ratio of 24.85 and a beta of 0.44.

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

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A number of research firms recently issued reports on KHC. Morgan Stanley decreased their price objective on shares of The Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Friday, October 13th. UBS AG restated a “buy” rating and set a $89.00 price objective (down previously from $97.00) on shares of The Kraft Heinz in a report on Friday, October 13th. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies upgraded shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of The Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $87.00 in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The Kraft Heinz currently has an average rating of “Buy” and a consensus price target of $95.53.

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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