Stonebridge Capital Advisors LLC boosted its stake in Kraft Heinz Co (NASDAQ:KHC) by 7.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,243 shares of the company’s stock after buying an additional 3,359 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Kraft Heinz were worth $3,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its position in shares of Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Kraft Heinz during the 2nd quarter valued at about $121,000. Blue Chip Partners Inc. boosted its position in shares of Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Kraft Heinz by 7.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 62.02% of the company’s stock.

Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $77.38 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a market cap of $96,709.81, a P/E ratio of 22.30, a PEG ratio of 2.20 and a beta of 0.45. Kraft Heinz Co has a 52-week low of $75.21 and a 52-week high of $97.77.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. research analysts anticipate that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.

Several brokerages have commented on KHC. Morgan Stanley decreased their target price on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Citigroup decreased their target price on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Susquehanna Bancshares decreased their target price on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday. One investment 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. The company currently has an average rating of “Buy” and an average target price of $92.49.

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About 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.

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

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