First National Bank of Omaha reduced its position in shares of Kraft Heinz Co. (NASDAQ:KHC) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,545 shares of the company’s stock after selling 977 shares during the period. Kraft Heinz accounts for approximately 0.9% of First National Bank of Omaha’s portfolio, making the stock its 26th largest position. First National Bank of Omaha’s holdings in Kraft Heinz were worth $11,953,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Evanson Asset Management LLC raised its position 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 worth $266,000 after buying an additional 16 shares during the period. Reynders McVeigh Capital Management LLC raised its position 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 worth $552,000 after buying an additional 25 shares during the period. Putnam FL Investment Management Co. raised its position 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 worth $375,000 after buying an additional 30 shares during the period. Redmond Asset Management LLC raised its position 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 worth $371,000 after buying an additional 33 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position 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 worth $364,000 after buying an additional 38 shares during the period. 61.69% of the stock is currently owned by institutional investors.

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

Shares of Kraft Heinz Co. (NASDAQ:KHC) traded up 0.62% during mid-day trading on Friday, hitting $82.95. The stock had a trading volume of 1,230,342 shares. Kraft Heinz Co. has a 1-year low of $68.18 and a 1-year high of $90.54. The stock’s 50-day moving average is $85.96 and its 200-day moving average is $86.84. The firm has a market capitalization of $100972.54 billion, a PE ratio of 22.91 and a beta of 0.48.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 30th. Kraft Heinz’s payout ratio is 105.26%.

COPYRIGHT VIOLATION NOTICE: “Kraft Heinz Co. (KHC) Position Decreased by First National Bank of Omaha” was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/27/kraft-heinz-co-khc-position-decreased-by-first-national-bank-of-omaha.html.

A number of equities analysts recently issued reports on the stock. RBC Capital Markets reaffirmed an “outperform” rating and set a $96.00 target price on shares of Kraft Heinz in a research report on Tuesday, November 1st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Kraft Heinz in a research report on Friday, November 4th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kraft Heinz in a research report on Monday, October 31st. Stifel Nicolaus boosted their target price on shares of Kraft Heinz from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Susquehanna boosted their target price on shares of Kraft Heinz from $114.00 to $118.00 and gave the stock a “positive” rating in a research report on Monday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $98.96.

In other news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of Kraft Heinz stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $87.05, for a total transaction of $244,468,695.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 26.92% of the company’s stock.

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.

5 Day Chart for NASDAQ:KHC

Receive News & Stock Ratings for Kraft Heinz Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz Co. and related stocks with our FREE daily email newsletter.