State Street Corp raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,579,995 shares of the company’s stock after buying an additional 680,941 shares during the period. State Street Corp’s holdings in The Kraft Heinz were worth $2,232,113,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Oppenheimer Asset Management Inc. purchased a new stake in The Kraft Heinz during the first quarter worth approximately $6,687,000. Edmond DE Rothschild Holding S.A. boosted its stake in The Kraft Heinz by 192.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,304 shares of the company’s stock worth $391,000 after buying an additional 2,834 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. boosted its stake in The Kraft Heinz by 2.9% in the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 852,310 shares of the company’s stock worth $77,296,000 after buying an additional 24,400 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in The Kraft Heinz by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,739,080 shares of the company’s stock worth $157,926,000 after buying an additional 84,224 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in The Kraft Heinz by 457.3% in the first quarter. Epoch Investment Partners Inc. now owns 304,733 shares of the company’s stock worth $27,673,000 after buying an additional 250,052 shares in the last quarter. Institutional investors own 62.01% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded up 0.52% during trading on Friday, reaching $86.34. 687,288 shares of the company were exchanged. The stock’s 50-day moving average is $86.15 and its 200-day moving average is $89.78. 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 $105.18 billion, a price-to-earnings ratio of 27.67 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be paid a $0.625 dividend. 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 2.91%. The ex-dividend date is Wednesday, August 16th. The Kraft Heinz’s payout ratio is 76.68%.

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A number of analysts recently commented on KHC shares. Zacks Investment Research cut shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Credit Suisse Group restated an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $98.00 price objective on shares of The Kraft Heinz in a research report on Tuesday, April 25th. Consumer Edge upgraded shares of The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. Finally, Piper Jaffray Companies started coverage on shares of The Kraft Heinz in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price objective for the company. Two research 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 presently has an average rating of “Hold” and a consensus target price of $97.45.

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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