Pecaut & CO. lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 4,940 shares of the company’s stock after selling 100 shares during the period. Pecaut & CO.’s holdings in The Kraft Heinz Company were worth $423,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wall Street Access Asset Management LLC boosted its position in The Kraft Heinz Company by 6.6% in the fourth quarter. Wall Street Access Asset Management LLC now owns 2,414 shares of the company’s stock valued at $210,000 after buying an additional 150 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in The Kraft Heinz Company during the fourth quarter valued at about $146,000. Archford Capital Strategies LLC boosted its position in The Kraft Heinz Company by 7.6% in the fourth quarter. Archford Capital Strategies LLC now owns 5,966 shares of the company’s stock valued at $520,000 after buying an additional 419 shares in the last quarter. Independent Advisor Alliance acquired a new position in The Kraft Heinz Company during the fourth quarter valued at about $1,518,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in The Kraft Heinz Company during the fourth quarter valued at about $81,284,000. Institutional investors own 61.95% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 85.29 on Monday. The Kraft Heinz Company has a 52-week low of $79.69 and a 52-week high of $97.77. The firm’s 50-day moving average price is $90.71 and its 200-day moving average price is $90.03. The firm has a market capitalization of $103.85 billion, a PE ratio of 30.35 and a beta of 0.44.

The Kraft Heinz Company (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.44 billion. The Kraft Heinz Company had a return on equity of 7.25% and a net margin of 13.12%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, equities analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on KHC. Royal Bank Of Canada set a $96.00 price objective on The Kraft Heinz Company and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Consumer Edge raised The Kraft Heinz Company to an “overweight” rating in a research report on Thursday, May 4th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $99.00 price objective (down from $102.00) on shares of The Kraft Heinz Company in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $91.00 target price (down from $99.00) on shares of The Kraft Heinz Company in a research report on Monday, July 10th. Finally, Piper Jaffray Companies assumed coverage on The Kraft Heinz Company in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $97.96.

About The Kraft Heinz Company

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 Company (NASDAQ:KHC)

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