Meeder Asset Management Inc. reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,115 shares of the company’s stock after selling 85 shares during the period. Meeder Asset Management Inc.’s holdings in The Kraft Heinz were worth $374,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rockefeller Financial Services Inc. raised its stake in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares in the last quarter. Bollard Group LLC raised its stake in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of The Kraft Heinz during the first quarter worth about $109,000. Blue Chip Partners Inc. raised its stake in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of The Kraft Heinz during the first quarter worth about $136,000. 61.88% of the stock is owned by hedge funds and other institutional investors.

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded down 0.21% during mid-day trading on Monday, hitting $84.31. 444,746 shares of the stock traded hands. The stock has a 50 day moving average price of $85.82 and a 200-day moving average price of $89.65. The company has a market cap of $102.71 billion, a P/E ratio of 27.02 and a beta of 0.44. The Kraft Heinz Company has a one year low of $79.69 and a one year high of $97.77.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 2.96%. The Kraft Heinz’s payout ratio is 79.87%.

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KHC has been the subject of a number of analyst reports. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Berenberg Bank assumed coverage on shares of The Kraft Heinz in a research report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price on the stock. Royal Bank Of Canada set a $96.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, June 3rd. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $97.31.

The 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.

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

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