Logan Capital Management Inc. lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 25.8% during the first quarter, Holdings Channel reports. The institutional investor owned 12,019 shares of the company’s stock after selling 4,189 shares during the period. Logan Capital Management Inc.’s holdings in The Kraft Heinz were worth $1,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Rockefeller Financial Services Inc. increased its position in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the period. Bollard Group LLC increased its position in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the period. Crestwood Advisors Group LLC bought a new position in The Kraft Heinz during the first quarter valued at approximately $109,000. Blue Chip Partners Inc. increased its position in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in The Kraft Heinz during the first quarter valued at approximately $136,000. 62.01% of the stock is currently owned by institutional investors and hedge funds.

The Kraft Heinz Company (KHC) traded down 0.29% on Thursday, reaching $86.21. 1,067,513 shares of the company’s stock were exchanged. The Kraft Heinz Company has a one year low of $79.69 and a one year high of $97.77. The firm has a market cap of $105.03 billion, a PE ratio of 27.63 and a beta of 0.44. The firm has a 50 day moving average price of $86.25 and a 200 day moving average price of $89.80.

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

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.89%. The Kraft Heinz’s payout ratio is currently 76.68%.

TRADEMARK VIOLATION NOTICE: “Logan Capital Management Inc. Has $1.09 Million Position in The Kraft Heinz Company (NASDAQ:KHC)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.watchlistnews.com/logan-capital-management-inc-has-1-09-million-position-in-the-kraft-heinz-company-nasdaqkhc/1470750.html.

Several equities analysts have recently commented on KHC shares. Credit Suisse Group reissued an “outperform” rating on shares of The Kraft Heinz in a report on Sunday, April 23rd. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday. Susquehanna Bancshares Inc reissued a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. Berenberg Bank started 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 on the stock. Finally, BMO Capital Markets reissued a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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.

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.