Adage Capital Partners GP L.L.C. increased its stake in shares of Kraft Heinz Co. (NASDAQ:KHC) by 35.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,172,043 shares of the company’s stock after buying an additional 303,700 shares during the period. Adage Capital Partners GP L.L.C. owned 0.10% of Kraft Heinz worth $103,702,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Evanson Asset Management LLC boosted its stake in shares of Kraft Heinz by 0.5% in the second quarter. Evanson Asset Management LLC now owns 3,011 shares of the company’s stock valued at $266,000 after buying an additional 16 shares during the period. Reynders McVeigh Capital Management LLC boosted its stake in shares of Kraft Heinz by 0.4% in the second quarter. Reynders McVeigh Capital Management LLC now owns 6,238 shares of the company’s stock valued at $552,000 after buying an additional 25 shares during the period. Putnam FL Investment Management Co. boosted its stake in shares of Kraft Heinz by 0.7% in the second quarter. Putnam FL Investment Management Co. now owns 4,240 shares of the company’s stock valued at $375,000 after buying an additional 30 shares during the period. Redmond Asset Management LLC boosted its stake in shares of Kraft Heinz by 0.8% in the second quarter. Redmond Asset Management LLC now owns 4,192 shares of the company’s stock valued at $371,000 after buying an additional 33 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Kraft Heinz by 0.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,112 shares of the company’s stock valued at $364,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

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

Kraft Heinz Co. (NASDAQ:KHC) traded down 0.26% on Friday, hitting $81.21. 4,151,058 shares of the stock were exchanged. Kraft Heinz Co. has a one year low of $68.18 and a one year high of $90.54. The company’s 50 day moving average price is $87.57 and its 200-day moving average price is $86.66. The company has a market cap of $98.85 billion, a P/E ratio of 35.74 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. The company earned $6.27 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts predict that Kraft Heinz Co. will post $3.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be issued a $0.60 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.96%. Kraft Heinz’s dividend payout ratio is 105.26%.

KHC has been the subject of a number of recent research reports. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $100.00 price target on shares of Kraft Heinz in a report on Saturday, August 13th. Stifel Nicolaus lifted their price target on shares of Kraft Heinz from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, August 5th. RBC Capital Markets reiterated an “outperform” rating and set a $96.00 price target (up from $92.00) on shares of Kraft Heinz in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “buy” rating and set a $99.00 price target for the company in a report on Monday, August 8th. Finally, Morgan Stanley set a $97.00 price target on shares of Kraft Heinz and gave the stock a “buy” rating in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $99.71.

In other news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $87.05, for a total value of $244,468,695.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. 26.92% of the stock is owned by insiders.

About 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.

5 Day Chart for NASDAQ:KHC

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