The Manufacturers Life Insurance Company lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 22.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 971,353 shares of the company’s stock after selling 277,593 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of The Kraft Heinz worth $83,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of The Kraft Heinz by 8.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 599,539 shares of the company’s stock worth $54,445,000 after purchasing an additional 46,679 shares during the last quarter. Northstar Wealth Partners LLC acquired a new stake in shares of The Kraft Heinz during the 1st quarter worth about $415,000. Mason Street Advisors LLC increased its position in shares of The Kraft Heinz by 1.0% during the 1st quarter. Mason Street Advisors LLC now owns 82,417 shares of the company’s stock worth $7,484,000 after purchasing an additional 824 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of The Kraft Heinz during the 1st quarter worth about $645,000. Finally, Pacer Advisors Inc. increased its position in shares of The Kraft Heinz by 5.0% during the 1st quarter. Pacer Advisors Inc. now owns 26,199 shares of the company’s stock worth $2,379,000 after purchasing an additional 1,238 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

A number of brokerages recently issued reports on KHC. BidaskClub raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday. Susquehanna Bancshares Inc dropped their target price on The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $90.00 target price (down from $100.00) on shares of The Kraft Heinz in a research report on Thursday, November 2nd. Morgan Stanley dropped their target price on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Finally, Berenberg Bank set a $102.00 target price on The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $92.49.

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The Kraft Heinz Company (NASDAQ:KHC) opened at $79.72 on Friday. The Kraft Heinz Company has a 52-week low of $75.21 and a 52-week high of $97.77. The company has a market capitalization of $96,758.55, a PE ratio of 22.31, a PEG ratio of 2.20 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, hitting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. research analysts predict that The Kraft Heinz Company will post 3.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio is presently 77.88%.

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.

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

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