Northwestern Mutual Wealth Management Co. grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,859 shares of the company’s stock after buying an additional 1,247 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in The Kraft Heinz were worth $2,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of The Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after buying an additional 950 shares during the last quarter. V Wealth Management LLC bought a new position in shares of The Kraft Heinz during the second quarter valued at approximately $125,000. Blue Chip Partners Inc. grew its stake in shares of The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of The Kraft Heinz during the first quarter valued at approximately $136,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of The Kraft Heinz by 7.0% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after buying an additional 100 shares during the last quarter. 61.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Kraft Heinz Company (KHC) opened at 76.71 on Friday. The stock has a market cap of $93.45 billion, a price-to-earnings ratio of 24.59 and a beta of 0.44. The firm’s 50-day moving average price is $79.15 and its 200-day moving average price is $86.11. The Kraft Heinz Company has a 12-month low of $76.12 and a 12-month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly 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 business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

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Several research analysts recently issued reports on KHC shares. UBS AG reissued a “buy” rating and issued a $89.00 price objective (down previously from $97.00) on shares of The Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. BidaskClub raised The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies raised The Kraft Heinz from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock 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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