Wright Investors Service Inc. increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 40.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,189 shares of the company’s stock after buying an additional 1,205 shares during the period. Wright Investors Service Inc.’s holdings in The Kraft Heinz were worth $359,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rockefeller Financial Services Inc. boosted its stake in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC boosted its stake in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of The Kraft Heinz during the first quarter worth about $109,000. V Wealth Management LLC acquired a new stake in shares of The Kraft Heinz during the second quarter worth about $125,000. Finally, Blue Chip Partners Inc. boosted its stake in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 62.01% of the company’s stock.

The Kraft Heinz Company (NASDAQ KHC) traded down 0.31% on Thursday, hitting $86.19. 1,636,103 shares of the stock were exchanged. The Kraft Heinz Company has a 52-week low of $79.69 and a 52-week high of $97.77. The firm has a market cap of $105.00 billion, a PE ratio of 27.63 and a beta of 0.44. The company has a 50-day moving average price of $86.25 and a 200-day moving average price of $89.80.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, equities research analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th 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 2.89%. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is 76.68%.

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A number of brokerages have recently issued reports on KHC. Royal Bank Of Canada set a $96.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, June 3rd. 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 research report on Wednesday. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $99.00 target price (down previously from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Finally, Consumer Edge raised shares of The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus 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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