Stonebridge Capital Advisors LLC boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 5.8% during the first quarter, Holdings Channel reports. The institutional investor owned 42,403 shares of the company’s stock after buying an additional 2,324 shares during the period. Stonebridge Capital Advisors LLC’s holdings in The Kraft Heinz were worth $3,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Financial Services Inc. boosted its position in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the period. Bollard Group LLC boosted its position in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the period. Crestwood Advisors Group LLC bought a new position in shares of The Kraft Heinz during the first quarter valued at approximately $109,000. Blue Chip Partners Inc. boosted its position in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of The Kraft Heinz during the first quarter valued at approximately $136,000. 61.88% of the stock is owned by institutional investors.

Shares of The Kraft Heinz Company (KHC) traded down 0.21% during trading on Tuesday, hitting $86.84. The stock had a trading volume of 553,076 shares. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77. The company has a market capitalization of $105.79 billion, a price-to-earnings ratio of 27.83 and a beta of 0.44. The company’s 50 day moving average price is $86.02 and its 200 day moving average price is $89.76.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The Kraft Heinz’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors 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. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 annualized dividend and a yield of 2.87%. The Kraft Heinz’s dividend payout ratio is presently 76.68%.

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Several brokerages recently commented on KHC. BidaskClub raised The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Saturday. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $85.00 price target (down from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Zacks Investment Research cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Berenberg Bank set a $102.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $97.45.

The Kraft Heinz Company 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.

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

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