4,100 Shares in The Kraft Heinz Company (KHC) Acquired by TLP Group LLC

TLP Group LLC bought a new position in The Kraft Heinz Company (NASDAQ:KHC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,100 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds also recently bought and sold shares of KHC. Bank of New York Mellon Corp boosted its position in shares of The Kraft Heinz by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 8,310,748 shares of the company’s stock valued at $754,700,000 after buying an additional 435,869 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of The Kraft Heinz by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 2,527,641 shares of the company’s stock valued at $229,535,000 after buying an additional 107,814 shares during the last quarter. Swiss National Bank boosted its position in shares of The Kraft Heinz by 26.7% in the first quarter. Swiss National Bank now owns 2,201,163 shares of the company’s stock valued at $199,888,000 after buying an additional 463,400 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of The Kraft Heinz by 4.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,930,480 shares of the company’s stock valued at $175,307,000 after buying an additional 76,849 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of The Kraft Heinz by 75.7% in the first quarter. Alliancebernstein L.P. now owns 1,779,354 shares of the company’s stock valued at $161,583,000 after buying an additional 766,682 shares during the last quarter. Institutional investors own 61.88% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 84.49 on Friday. The stock has a 50 day moving average of $85.82 and a 200 day moving average of $89.65. The company has a market cap of $102.93 billion, a price-to-earnings ratio of 27.08 and a beta of 0.44. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year 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 the consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The Kraft Heinz’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, equities analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a $0.625 dividend. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a yield of 2.96%. The Kraft Heinz’s payout ratio is 79.87%.

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Several equities analysts have recently commented on KHC shares. Credit Suisse Group restated an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $98.00 price target on shares of The Kraft Heinz in a report on Tuesday, April 25th. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Consumer Edge raised shares of The Kraft Heinz to an “overweight” rating in a report on Thursday, May 4th. Finally, Piper Jaffray Companies began coverage on shares of The Kraft Heinz in a report on Wednesday, May 24th. They set a “neutral” rating and a $94.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The Kraft Heinz presently has an average rating of “Hold” and an average target price of $97.31.

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.

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

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