New England Asset Management Inc. raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 7.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 64,483 shares of the company’s stock after buying an additional 4,560 shares during the period. The Kraft Heinz makes up about 0.1% of New England Asset Management Inc.’s holdings, making the stock its 22nd largest position. New England Asset Management Inc.’s holdings in The Kraft Heinz were worth $5,856,000 as of its most recent filing with the SEC.

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

Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 0.24% during trading on Friday, hitting $82.60. 3,285,798 shares of the stock traded hands. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The stock has a 50 day moving average price of $85.74 and a 200-day moving average price of $89.47. The stock has a market cap of $100.63 billion, a price-to-earnings ratio of 26.47 and a beta of 0.44.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be paid a $0.625 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.03%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is 79.87%.

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Several analysts have issued reports on the stock. Royal Bank Of Canada set a $96.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $85.00 price target (down from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Finally, BidaskClub raised shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price 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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