APG Asset Management N.V. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 18.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,643,587 shares of the company’s stock after buying an additional 256,400 shares during the period. APG Asset Management N.V. owned 0.13% of The Kraft Heinz worth $140,757,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Rockefeller Financial Services Inc. increased its position in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC increased its position in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in The Kraft Heinz during the first quarter valued at about $109,000. V Wealth Management LLC acquired a new position in The Kraft Heinz during the second quarter valued at about $125,000. Finally, Blue Chip Partners Inc. increased its position in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $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.
Shares of The Kraft Heinz Company (KHC) traded up 0.71% during trading on Friday, reaching $86.50. 1,248,024 shares of the company were exchanged. The stock has a 50-day moving average price of $86.15 and a 200-day moving average price of $89.78. The stock has a market capitalization of $105.38 billion, a PE ratio of 27.72 and a beta of 0.44. The Kraft Heinz Company has a one year low of $79.69 and a one year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data 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 net margin of 14.67% and a return on equity of 7.52%. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 2.91%. The Kraft Heinz’s dividend payout ratio is 76.68%.
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KHC has been the subject of several analyst reports. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank initiated coverage on shares of The Kraft Heinz in a research note on Wednesday, June 7th. They set a “buy” rating and a $102.00 price target for the company. Royal Bank Of Canada set a $96.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, June 3rd. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Two equities research 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’s stock. The Kraft Heinz currently has an average rating of “Hold” and a consensus 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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