Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 287.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,280 shares of the company’s stock after buying an additional 950 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings in The Kraft Heinz were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Mastrapasqua Asset Management Inc. increased its position in The Kraft Heinz by 16.4% during the 2nd quarter. Mastrapasqua Asset Management Inc. now owns 8,831 shares of the company’s stock worth $756,000 after buying an additional 1,245 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of The Kraft Heinz by 0.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,590 shares of the company’s stock worth $993,000 after purchasing an additional 80 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of The Kraft Heinz during the 2nd quarter worth $2,528,000. Blue Chip Partners Inc. grew its holdings in shares of The Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares in the last quarter. Finally, Aviva PLC grew its holdings in shares of The Kraft Heinz by 9.7% during the 2nd quarter. Aviva PLC now owns 457,559 shares of the company’s stock worth $39,176,000 after purchasing an additional 40,593 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Several research firms have recently issued reports on KHC. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $85.00 target price (down from $94.00) on shares of The Kraft Heinz in a report on Wednesday, August 9th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co reissued an “overweight” rating and set a $99.00 target price (down from $102.00) on shares of The Kraft Heinz in a report on Wednesday, June 28th. Finally, Berenberg Bank set a $102.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $96.36.

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 78.18 on Friday. The company has a 50-day moving average price of $79.43 and a 200 day moving average price of $79.43. The firm has a market capitalization of $95.24 billion, a price-to-earnings ratio of 25.06 and a beta of 0.44. The Kraft Heinz Company has a 1-year low of $76.76 and a 1-year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $6.73 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.20%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, August 16th. The Kraft Heinz’s payout ratio is presently 79.87%.

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The Kraft Heinz 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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