Marshwinds Advisory Co. cut its position in Kraft Heinz Co. (NASDAQ:KHC) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,810 shares of the company’s stock after selling 416 shares during the period. Kraft Heinz comprises about 1.8% of Marshwinds Advisory Co.’s investment portfolio, making the stock its 15th largest position. Marshwinds Advisory Co.’s holdings in Kraft Heinz were worth $3,742,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KHC. Toth Financial Advisory Corp increased its position in Kraft Heinz by 42.8% in the third quarter. Toth Financial Advisory Corp now owns 22,399 shares of the company’s stock valued at $2,005,000 after buying an additional 6,715 shares during the last quarter. First PREMIER Bank increased its position in Kraft Heinz by 4.0% in the third quarter. First PREMIER Bank now owns 10,109 shares of the company’s stock valued at $905,000 after buying an additional 393 shares during the last quarter. Verus Financial Partners Inc. increased its position in Kraft Heinz by 0.4% in the third quarter. Verus Financial Partners Inc. now owns 2,366 shares of the company’s stock valued at $212,000 after buying an additional 10 shares during the last quarter. Prospera Financial Services Inc increased its position in Kraft Heinz by 4.9% in the third quarter. Prospera Financial Services Inc now owns 5,753 shares of the company’s stock valued at $515,000 after buying an additional 269 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Kraft Heinz by 4.5% in the third quarter. Nisa Investment Advisors LLC now owns 201,005 shares of the company’s stock valued at $17,992,000 after buying an additional 8,625 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

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

Kraft Heinz Co. (NASDAQ:KHC) traded down 2.10% during mid-day trading on Wednesday, reaching $81.65. 3,309,843 shares of the company’s stock traded hands. Kraft Heinz Co. has a one year low of $68.18 and a one year high of $90.54. The firm’s 50-day moving average price is $85.84 and its 200 day moving average price is $86.83. The firm has a market cap of $99.39 billion, a price-to-earnings ratio of 35.94 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, November 3rd. The company reported $0.83 earnings per share 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 had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter in the previous year, the company earned $0.44 EPS. Kraft Heinz’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Kraft Heinz Co. will post $3.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders 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 yield of 2.94%. Kraft Heinz’s dividend payout ratio is currently 105.26%.

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KHC has been the topic of a number of analyst reports. RBC Capital Markets reissued an “outperform” rating and set a $96.00 target price on shares of Kraft Heinz in a report on Tuesday, November 1st. Credit Suisse Group AG reissued a “buy” rating on shares of Kraft Heinz in a report on Friday, November 4th. Deutsche Bank AG reissued a “buy” rating on shares of Kraft Heinz in a 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 company a “buy” rating in a report on Friday, August 5th. Finally, Susquehanna upped their price target on shares of Kraft Heinz from $114.00 to $118.00 and gave the stock a “positive” rating in a report on Monday, October 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $98.96.

In other Kraft Heinz news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of Kraft Heinz stock in a transaction on Tuesday, September 20th. The shares were 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 can be accessed through this link. 26.92% of the stock is currently owned by company 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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