Pittenger & Anderson Inc. decreased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,983 shares of the company’s stock after selling 595 shares during the quarter. Pittenger & Anderson Inc.’s holdings in The Kraft Heinz were worth $2,225,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Blue Chip Partners Inc. lifted its position in The Kraft Heinz by 0.5% during the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in The Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after buying an additional 16 shares in the last quarter. National Asset Management Inc. lifted its position in The Kraft Heinz by 0.5% during the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after buying an additional 21 shares in the last quarter. First Foundation Advisors lifted its position in The Kraft Heinz by 0.5% during the first quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock worth $465,000 after buying an additional 23 shares in the last quarter. Finally, RMB Capital Management LLC lifted its position in The Kraft Heinz by 0.9% during the first quarter. RMB Capital Management LLC now owns 2,631 shares of the company’s stock worth $239,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 61.76% of the company’s stock.

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Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 76.47 on Friday. The stock has a 50 day moving average price of $79.26 and a 200-day moving average price of $86.21. The Kraft Heinz Company has a 52 week low of $76.31 and a 52 week high of $97.77. The firm has a market capitalization of $93.16 billion, a PE ratio of 24.51 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

KHC has been the topic of a number of analyst reports. J P Morgan Chase & Co reiterated an “overweight” rating and set a $99.00 price objective (down previously from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. BidaskClub downgraded The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $91.00 price objective (down previously from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, July 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The Kraft Heinz currently has an average rating of “Buy” and an average target price of $95.53.

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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