Dodge & Cox Maintains Stake in The Kraft Heinz Company (KHC)

Dodge & Cox held its position in The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,946 shares of the company’s stock at the end of the 2nd quarter. Dodge & Cox’s holdings in The Kraft Heinz were worth $338,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Quantbot Technologies LP boosted its stake in shares of The Kraft Heinz by 1,657.4% in the second quarter. Quantbot Technologies LP now owns 148,727 shares of the company’s stock valued at $12,736,000 after buying an additional 140,264 shares in the last quarter. Hutner Capital Management Inc. boosted its stake in shares of The Kraft Heinz by 14.4% in the second quarter. Hutner Capital Management Inc. now owns 52,113 shares of the company’s stock valued at $4,463,000 after buying an additional 6,575 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of The Kraft Heinz by 3.6% in the second quarter. MML Investors Services LLC now owns 42,303 shares of the company’s stock valued at $3,623,000 after buying an additional 1,459 shares in the last quarter. TIAA FSB purchased a new stake in shares of The Kraft Heinz in the second quarter valued at approximately $10,699,000. Finally, FMR LLC boosted its stake in shares of The Kraft Heinz by 30.0% in the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after buying an additional 2,659,846 shares in the last quarter. Hedge funds and other institutional investors own 61.79% of the company’s stock.

The Kraft Heinz Company (NASDAQ KHC) opened at 77.30 on Monday. The company’s 50-day moving average price is $78.65 and its 200 day moving average price is $85.62. The firm has a market capitalization of $94.17 billion, a PE ratio of 24.78 and a beta of 0.44. The Kraft Heinz Company has a one year low of $76.12 and a one year high of $97.77.

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 analysts’ consensus estimates 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 firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. On average, analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

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KHC has been the topic of a number of analyst reports. BidaskClub downgraded The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $91.00 price target (down from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $95.53.

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.

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

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