Zurich Insurance Group Ltd FI reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 19.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 88,611 shares of the company’s stock after selling 21,641 shares during the period. Zurich Insurance Group Ltd FI’s holdings in The Kraft Heinz were worth $7,589,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in The Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after purchasing an additional 487,241 shares during the last quarter. BlackRock Inc. lifted its stake in The Kraft Heinz by 1.7% in the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock valued at $2,835,974,000 after purchasing an additional 562,183 shares during the last quarter. State Street Corp lifted its stake in The Kraft Heinz by 2.8% in the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after purchasing an additional 680,941 shares during the last quarter. FMR LLC lifted its stake in The Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after purchasing an additional 2,659,846 shares during the last quarter. Finally, Morgan Stanley lifted its stake in The Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after purchasing an additional 2,988,664 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

Several research firms have weighed in on KHC. UBS AG reissued a “buy” rating and issued a $89.00 price target (down from $97.00) on shares of The Kraft Heinz in a report on Friday, October 13th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. BidaskClub raised shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies raised shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price target on shares of The Kraft Heinz in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz presently has a consensus rating of “Buy” and an average target price of $92.49.

The Kraft Heinz Company (KHC) opened at $78.00 on Monday. The Kraft Heinz Company has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a market cap of $95,023.58, a P/E ratio of 21.91, a PEG ratio of 1.99 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting 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 analysts’ expectations of $6.33 billion. During the same period last year, the firm earned $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 fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.21%. The Kraft Heinz’s dividend payout ratio is presently 77.88%.

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The Kraft Heinz 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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