OLD Second National Bank of Aurora continued to hold its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, Holdings Channel reports. The firm owned 2,933 shares of the company’s stock at the end of the second quarter. OLD Second National Bank of Aurora’s holdings in The Kraft Heinz were worth $251,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KHC. Rockefeller Financial Services Inc. increased its stake in shares of 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 last quarter. Bollard Group LLC increased its stake in shares of 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 last quarter. Crestwood Advisors Group LLC bought a new stake in shares of The Kraft Heinz during the first quarter valued at about $109,000. V Wealth Management LLC bought a new stake in shares of The Kraft Heinz during the second quarter valued at about $125,000. Finally, Blue Chip Partners Inc. increased its stake in shares of 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 last quarter. Institutional investors and hedge funds own 61.88% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 0.68% on Friday, hitting $84.53. The company’s stock had a trading volume of 1,472,607 shares. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77. The firm has a market cap of $102.98 billion, a price-to-earnings ratio of 27.09 and a beta of 0.44. The stock’s 50-day moving average price is $85.85 and its 200-day moving average price is $89.68.

The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm 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 business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Equities analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a $0.625 dividend. The ex-dividend date is Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 2.94%. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.

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Several brokerages have recently issued reports on KHC. BidaskClub downgraded shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, August 5th. Consumer Edge upgraded shares of The Kraft Heinz to an “overweight” rating in a research note on Thursday, May 4th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $99.00 price target (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $97.31.

About The 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 The Kraft Heinz (NASDAQ:KHC)

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