The Kraft Heinz Company (KHC) Holdings Raised by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,206 shares of the company’s stock after acquiring an additional 145 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in The Kraft Heinz were worth $617,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KHC. Waldron LP boosted its stake in shares of The Kraft Heinz by 5.8% during the 1st quarter. Waldron LP now owns 4,518 shares of the company’s stock valued at $410,000 after purchasing an additional 247 shares in the last quarter. Ray Gerald L & Associates Ltd. boosted its stake in shares of The Kraft Heinz by 1.7% during the 1st quarter. Ray Gerald L & Associates Ltd. now owns 37,371 shares of the company’s stock valued at $3,394,000 after purchasing an additional 625 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of The Kraft Heinz by 3.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 106,175 shares of the company’s stock valued at $9,642,000 after purchasing an additional 3,163 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of The Kraft Heinz by 39.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 444,442 shares of the company’s stock valued at $40,360,000 after purchasing an additional 124,705 shares in the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. boosted its stake in shares of The Kraft Heinz by 5.9% during the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,696 shares of the company’s stock valued at $245,000 after purchasing an additional 150 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 78.15 on Friday. The company’s 50-day moving average is $79.18 and its 200 day moving average is $79.18. The company has a market capitalization of $95.21 billion, a price-to-earnings ratio of 25.05 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $76.76 and a 12 month high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the firm posted $0.85 EPS. The Kraft Heinz’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a yield of 3.20%. The Kraft Heinz’s dividend payout ratio (DPR) is currently 79.87%.

A number of equities research analysts have recently weighed in on KHC shares. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. 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 research report on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and set a $96.00 price target on shares of The Kraft Heinz in a research report on Thursday, June 15th. Finally, BidaskClub cut shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $96.36.

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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