Shell Asset Management Co. raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,785 shares of the company’s stock after buying an additional 1,136 shares during the period. Shell Asset Management Co.’s holdings in The Kraft Heinz were worth $3,578,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Fairbanks Capital Management Inc. raised its position in shares of The Kraft Heinz by 9.2% in the second quarter. Fairbanks Capital Management Inc. now owns 16,290 shares of the company’s stock worth $1,395,000 after buying an additional 1,379 shares during the period. Kwmg LLC raised its position in shares of The Kraft Heinz by 496.1% in the second quarter. Kwmg LLC now owns 17,156 shares of the company’s stock worth $1,469,000 after buying an additional 14,278 shares during the period. Howland Capital Management LLC raised its position in shares of The Kraft Heinz by 1.3% in the second quarter. Howland Capital Management LLC now owns 2,566 shares of the company’s stock worth $220,000 after buying an additional 32 shares during the period. Aviance Capital Partners LLC raised its position in shares of The Kraft Heinz by 2.8% in the second quarter. Aviance Capital Partners LLC now owns 4,575 shares of the company’s stock worth $392,000 after buying an additional 125 shares during the period. Finally, Smith Salley & Associates raised its position in shares of The Kraft Heinz by 2.8% in the second quarter. Smith Salley & Associates now owns 3,621 shares of the company’s stock worth $311,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 61.91% of the company’s stock.

The Kraft Heinz Company (KHC) opened at 82.60 on Monday. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The firm’s 50 day moving average price is $85.74 and its 200-day moving average price is $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 released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm earned $0.85 EPS. The Kraft Heinz’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

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

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KHC has been the subject of a number of research analyst reports. TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank initiated coverage on The Kraft Heinz in a research note on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price for the company. Royal Bank Of Canada set a $96.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, BMO Capital Markets restated a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz presently has an average rating of “Buy” and an average 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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