Point72 Europe London LLP raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 250.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the company’s stock after buying an additional 50,000 shares during the period. The Kraft Heinz makes up approximately 1.4% of Point72 Europe London LLP’s holdings, making the stock its 25th largest position. Point72 Europe London LLP’s holdings in The Kraft Heinz were worth $6,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of The Kraft Heinz by 2,314.8% in the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock worth $2,956,129,000 after buying an additional 31,204,852 shares in the last quarter. Morgan Stanley raised its stake in The Kraft Heinz by 55.6% in 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 period. Vanguard Group Inc. raised its stake in The Kraft Heinz by 3.9% in 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 period. Thornburg Investment Management Inc. raised its stake in The Kraft Heinz by 9,061.9% in the first quarter. Thornburg Investment Management Inc. now owns 1,145,240 shares of the company’s stock valued at $103,999,000 after buying an additional 1,132,740 shares during the period. Finally, FMR LLC raised its stake in The Kraft Heinz by 9.8% in the first quarter. FMR LLC now owns 8,856,976 shares of the company’s stock valued at $804,302,000 after buying an additional 790,267 shares during the period. 61.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Kraft Heinz Company (KHC) traded down 0.563% during mid-day trading on Friday, hitting $80.295. The stock had a trading volume of 2,040,323 shares. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77. The company has a 50 day moving average price of $85.52 and a 200 day moving average price of $89.25. The firm has a market cap of $97.82 billion, a P/E ratio of 25.736 and a beta of 0.44.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. The Kraft Heinz’s payout ratio is presently 79.87%.

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Several analysts have weighed in on the company. Royal Bank Of Canada set a $96.00 target price on The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, June 3rd. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $85.00 target price (down previously from $94.00) on shares of The Kraft Heinz in a report on Wednesday, August 9th. Piper Jaffray Companies set a $92.00 target price on The Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, Consumer Edge raised The Kraft Heinz to an “overweight” rating in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $97.34.

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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