State Board of Administration of Florida Retirement System trimmed its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 880,497 shares of the company’s stock after selling 236 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.07% of The Kraft Heinz worth $75,406,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KHC. Blue Chip Partners Inc. lifted its stake 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 worth $134,000 after purchasing an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in shares of The Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after purchasing an additional 16 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its position in shares of The Kraft Heinz by 0.6% during the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock valued at $306,000 after purchasing an additional 21 shares in the last quarter. National Asset Management Inc. grew its position in shares of The Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after purchasing an additional 21 shares in the last quarter. Finally, First Foundation Advisors grew its position in shares of The Kraft Heinz by 0.5% during the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

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The Kraft Heinz Company (KHC) opened at 77.82 on Wednesday. The Kraft Heinz Company has a 12 month low of $76.89 and a 12 month high of $97.77. The stock’s 50 day moving average price is $79.67 and its 200 day moving average price is $79.67. The company has a market capitalization of $94.80 billion, a price-to-earnings ratio of 24.94 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion for 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. Equities research analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were given a dividend of $0.625 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.21%. The Kraft Heinz’s dividend payout ratio is currently 79.87%.

Several research analysts have recently weighed in on the stock. Berenberg Bank started coverage on shares of The Kraft Heinz in a report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price target on the stock. Susquehanna Bancshares Inc set a $99.00 price objective on The Kraft Heinz and gave the company a “hold” rating in a research note on Tuesday, June 6th. BMO Capital Markets reissued a “hold” rating and set a $96.00 price objective on shares of The Kraft Heinz in a research note on Thursday, June 15th. BidaskClub cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $97.28.

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.

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

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