State of New Jersey Common Pension Fund D reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 58.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,387 shares of the company’s stock after selling 200,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in The Kraft Heinz were worth $10,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Aperio Group LLC raised its holdings in The Kraft Heinz by 2.9% in the 3rd quarter. Aperio Group LLC now owns 276,652 shares of the company’s stock worth $21,454,000 after purchasing an additional 7,787 shares in the last quarter. Huntington National Bank raised its holdings in The Kraft Heinz by 8.9% in the 3rd quarter. Huntington National Bank now owns 270,235 shares of the company’s stock worth $20,957,000 after purchasing an additional 22,004 shares in the last quarter. Saratoga Research & Investment Management bought a new position in The Kraft Heinz in the 3rd quarter worth $829,000. Rathbone Brothers plc raised its holdings in The Kraft Heinz by 0.8% in the 3rd quarter. Rathbone Brothers plc now owns 169,420 shares of the company’s stock worth $13,139,000 after purchasing an additional 1,343 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in The Kraft Heinz by 1.3% in the 3rd quarter. First Trust Advisors LP now owns 1,397,010 shares of the company’s stock worth $108,338,000 after purchasing an additional 17,985 shares in the last quarter. Institutional investors own 61.79% of the company’s stock.

KHC has been the subject of several research reports. 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. BMO Capital Markets reduced their target price on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. BidaskClub raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Citigroup Inc. reduced their target price on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.49.

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $80.01 on Wednesday. The Kraft Heinz Company has a 1 year low of $75.21 and a 1 year high of $97.77. The company has a market cap of $97,392.15, a PE ratio of 22.45, a P/E/G ratio of 2.21 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the firm posted $0.83 EPS. The Kraft Heinz’s revenue for the quarter was up .7% on a year-over-year basis. equities analysts predict that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.12%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio (DPR) is 77.88%.

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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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