LeJeune Puetz Investment Counsel LLC cut its position in The Kraft Heinz Company (NASDAQ:KHC) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,676 shares of the company’s stock after selling 64 shares during the period. LeJeune Puetz Investment Counsel LLC’s holdings in The Kraft Heinz were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of The Kraft Heinz by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after purchasing an additional 1,585,231 shares during the last quarter. BlackRock Inc. increased its position in shares of The Kraft Heinz by 2,314.8% in the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after purchasing an additional 31,204,852 shares during the last quarter. State Street Corp increased its position in shares of The Kraft Heinz by 2.8% in the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after purchasing an additional 680,941 shares during the last quarter. FMR LLC increased its position in shares of The Kraft Heinz by 9.8% in the 1st quarter. FMR LLC now owns 8,856,976 shares of the company’s stock valued at $804,302,000 after purchasing an additional 790,267 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of The Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after purchasing an additional 2,988,664 shares during the last quarter. 61.91% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. Berenberg Bank assumed coverage on shares of The Kraft Heinz in a research report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research report on Thursday, June 15th. Finally, BidaskClub downgraded shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $97.18.

Shares of The Kraft Heinz Company (KHC) traded up 0.18% during mid-day trading on Friday, reaching $81.43. 5,962,947 shares of the company were exchanged. The company’s 50-day moving average is $81.87 and its 200 day moving average is $86.12. The firm has a market capitalization of $99.20 billion, a price-to-earnings ratio of 26.10 and a beta of 0.45. The Kraft Heinz Company has a 12 month low of $79.69 and a 12 month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its 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 analyst estimates of $6.73 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts predict 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 paid 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 was Wednesday, August 16th. This represents a $2.50 annualized dividend and a yield of 3.07%. The Kraft Heinz’s payout ratio is presently 79.87%.

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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.

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

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