Park National Corp OH reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,509 shares of the company’s stock after selling 1,394 shares during the period. Park National Corp OH’s holdings in The Kraft Heinz were worth $557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KHC. Quantitative Systematic Strategies LLC purchased a new position in The Kraft Heinz during the first quarter worth approximately $761,000. Nisa Investment Advisors LLC boosted its position in The Kraft Heinz by 0.5% in the first quarter. Nisa Investment Advisors LLC now owns 208,101 shares of the company’s stock worth $18,897,000 after buying an additional 985 shares during the period. Greylin Investment Mangement Inc. boosted its position in The Kraft Heinz by 3.0% in the first quarter. Greylin Investment Mangement Inc. now owns 7,118 shares of the company’s stock worth $646,000 after buying an additional 207 shares during the period. Bank of The West boosted its position in The Kraft Heinz by 51.3% in the first quarter. Bank of The West now owns 4,708 shares of the company’s stock worth $427,000 after buying an additional 1,597 shares during the period. Finally, DnB Asset Management AS boosted its position in The Kraft Heinz by 17.1% in the first quarter. DnB Asset Management AS now owns 84,260 shares of the company’s stock worth $7,652,000 after buying an additional 12,300 shares during the period. Institutional investors own 61.88% of the company’s stock.

Shares of The Kraft Heinz Company (KHC) traded down 0.67% during mid-day trading on Friday, hitting $84.54. The stock had a trading volume of 1,167,240 shares. The company’s 50 day moving average price is $85.85 and its 200 day moving average price is $89.68. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77. The stock has a market cap of $102.99 billion, a P/E ratio of 27.10 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Equities research analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a dividend of $0.625 per share. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 2.94%. The Kraft Heinz’s payout ratio is presently 79.87%.

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KHC has been the topic of a number of research reports. Credit Suisse Group restated an “outperform” rating on shares of The Kraft Heinz in a research note on Sunday, April 23rd. BidaskClub upgraded The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Susquehanna Bancshares Inc set a $99.00 price target on The Kraft Heinz and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $96.00 price target on shares of The Kraft Heinz in a research note on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $97.31.

About The 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.

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

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