TD Asset Management Inc. cut its position in shares of Kraft Heinz Co. (NASDAQ:KHC) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,379 shares of the company’s stock after selling 7,955 shares during the period. TD Asset Management Inc.’s holdings in Kraft Heinz were worth $42,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bollard Group LLC raised its position in shares of Kraft Heinz by 815.4% in the third quarter. Bollard Group LLC now owns 1,126 shares of the company’s stock worth $101,000 after buying an additional 1,003 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Kraft Heinz by 129.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,223 shares of the company’s stock worth $109,000 after buying an additional 689 shares during the last quarter. Enterprise Financial Services Corp increased its stake in Kraft Heinz by 8.5% in the second quarter. Enterprise Financial Services Corp now owns 1,280 shares of the company’s stock worth $113,000 after buying an additional 100 shares during the last quarter. CWM LLC increased its stake in Kraft Heinz by 21.9% in the third quarter. CWM LLC now owns 1,367 shares of the company’s stock worth $122,000 after buying an additional 246 shares during the last quarter. Finally, Blue Chip Partners Inc. purchased a new stake in Kraft Heinz during the second quarter worth approximately $128,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Kraft Heinz Co. (NASDAQ:KHC) traded up 0.47% during midday trading on Monday, reaching $83.34. The company’s stock had a trading volume of 1,051,613 shares. The stock has a market capitalization of $101.45 billion, a PE ratio of 36.68 and a beta of 0.48. Kraft Heinz Co. has a 52 week low of $68.18 and a 52 week high of $90.54. The stock has a 50-day moving average price of $85.96 and a 200 day moving average price of $86.84.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results 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. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. The firm earned $6.27 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Kraft Heinz Co. will post $3.24 earnings per share for the current 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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 30th. Kraft Heinz’s payout ratio is presently 105.26%.

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A number of analysts have commented on the company. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Monday, August 8th. Royal Bank Of Canada boosted their target price on Kraft Heinz from $92.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Credit Suisse Group AG reiterated an “outperform” rating and set a $100.00 target price (up from $98.00) on shares of Kraft Heinz in a research report on Tuesday, August 16th. Argus boosted their target price on Kraft Heinz from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, September 28th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $99.00 target price (up from $96.00) on shares of Kraft Heinz in a research report on Monday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $98.96.

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

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.

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