Dynamo Internacional Gestao DE Recursos LTDA. reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 822,810 shares of the company’s stock after selling 29,500 shares during the period. The Kraft Heinz accounts for 10.1% of Dynamo Internacional Gestao DE Recursos LTDA.’s holdings, making the stock its 5th biggest holding. Dynamo Internacional Gestao DE Recursos LTDA. owned 0.07% of The Kraft Heinz worth $70,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of The Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after buying an additional 31,204,852 shares during the last quarter. Morgan Stanley grew its holdings in shares of The Kraft Heinz by 55.6% during the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after buying an additional 2,988,664 shares during the last quarter. FMR LLC grew its holdings in shares of The Kraft Heinz by 30.0% during the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after buying an additional 2,659,846 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of The Kraft Heinz by 3.9% during the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after buying an additional 1,585,231 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of The Kraft Heinz during the second quarter valued at about $102,151,000. 61.79% of the stock is owned by hedge funds and other institutional investors.

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The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.53%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is presently 77.88%.

Several research analysts recently weighed in on KHC shares. Citigroup Inc. cut their price target on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday. BMO Capital Markets cut their price target on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday. Susquehanna Bancshares Inc cut their price target on shares of The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday. Zacks Investment Research upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.76.

The Kraft Heinz 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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