Pineno Levin & Ford Asset Management Inc. held its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,696 shares of the company’s stock at the end of the 2nd quarter. Pineno Levin & Ford Asset Management Inc.’s holdings in The Kraft Heinz were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Chip Partners Inc. increased its position in The Kraft Heinz by 0.5% in the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after acquiring an additional 8 shares during the period. Guardian Life Insurance Co. of America increased its position in The Kraft Heinz by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after acquiring an additional 16 shares during the period. Cobblestone Capital Advisors LLC NY increased its position in The Kraft Heinz by 0.6% in the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock valued at $306,000 after acquiring an additional 21 shares during the period. National Asset Management Inc. increased its position in The Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after acquiring an additional 21 shares during the period. Finally, First Foundation Advisors increased its position in The Kraft Heinz by 0.5% in the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Shares of The Kraft Heinz Company (KHC) opened at 79.01 on Friday. The stock’s 50 day moving average price is $81.65 and its 200 day moving average price is $81.65. The company has a market capitalization of $96.25 billion, a price-to-earnings ratio of 25.32 and a beta of 0.45. The Kraft Heinz Company has a 1-year low of $78.94 and a 1-year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last issued 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 company had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. Analysts expect 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. Shareholders of record on Friday, August 18th were given a dividend of $0.625 per share. 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. This represents a $2.50 annualized dividend and a dividend yield of 3.13%. The Kraft Heinz’s payout ratio is presently 79.87%.

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KHC has been the topic of several analyst reports. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. BidaskClub upgraded The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a research report on Friday, September 1st. Susquehanna Bancshares Inc restated a “hold” rating and issued a $84.00 target price on shares of The Kraft Heinz in a research report on Thursday, September 14th. Finally, Zacks Investment Research cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $97.18.

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.

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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