Wagner Bowman Management Corp boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 3,941 shares of the company’s stock after buying an additional 99 shares during the period. Wagner Bowman Management Corp’s holdings in The Kraft Heinz were worth $337,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. DnB Asset Management AS raised its stake in shares of The Kraft Heinz by 17.1% in the first quarter. DnB Asset Management AS now owns 84,260 shares of the company’s stock worth $7,652,000 after buying an additional 12,300 shares during the period. Evanson Asset Management LLC raised its stake in shares of The Kraft Heinz by 1.8% in the first quarter. Evanson Asset Management LLC now owns 3,066 shares of the company’s stock worth $278,000 after buying an additional 55 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of The Kraft Heinz by 5.2% in the first quarter. Gateway Investment Advisers LLC now owns 378,339 shares of the company’s stock worth $34,357,000 after buying an additional 18,748 shares during the period. First Financial Corp IN raised its stake in shares of The Kraft Heinz by 5.5% in the first quarter. First Financial Corp IN now owns 1,548 shares of the company’s stock worth $140,000 after buying an additional 81 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in shares of The Kraft Heinz by 0.4% in the first quarter. Capital Investment Advisors LLC now owns 8,845 shares of the company’s stock worth $803,000 after buying an additional 32 shares during the period. 61.88% of the stock is owned by institutional investors.

The Kraft Heinz Company (NASDAQ KHC) traded down 0.1771% on Tuesday, hitting $86.8659. The stock had a trading volume of 783,238 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 market cap of $105.82 billion, a PE ratio of 27.8416 and a beta of 0.44. The company has a 50-day moving average of $86.02 and a 200 day moving average of $89.76.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.87%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s payout ratio is presently 76.68%.

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A number of brokerages have issued reports on KHC. BidaskClub raised shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $85.00 price objective (down from $94.00) on shares of The Kraft Heinz in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The Kraft Heinz presently has an average rating of “Hold” and an average price target of $97.45.

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.

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

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