Creative Planning boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 1.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,094 shares of the company’s stock after purchasing an additional 1,485 shares during the quarter. Creative Planning’s holdings in The Kraft Heinz were worth $6,859,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Blue Chip Partners Inc. grew its stake in The Kraft Heinz by 0.5% during 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 during the period. Guardian Life Insurance Co. of America grew its stake in The Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after buying an additional 16 shares during the period. Cobblestone Capital Advisors LLC NY grew its stake in The Kraft Heinz by 0.6% during the first quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock worth $306,000 after buying an additional 21 shares during the period. National Asset Management Inc. grew its stake in The Kraft Heinz by 0.5% during the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after buying an additional 21 shares during the period. Finally, First Foundation Advisors grew its stake in The Kraft Heinz by 0.5% during the first quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock worth $465,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 61.91% of the company’s stock.

Several equities research analysts have issued reports on KHC shares. BidaskClub upgraded shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, Susquehanna Bancshares Inc set a $99.00 price objective on shares of The Kraft Heinz and gave the stock a “hold” rating in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $97.26.

Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 0.23% on Tuesday, hitting $82.36. 1,018,284 shares of the stock traded hands. The stock has a market cap of $100.34 billion, a price-to-earnings ratio of 26.40 and a beta of 0.45. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77. The stock has a 50-day moving average price of $84.91 and a 200 day moving average price of $88.89.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating 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 company 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 posted $0.85 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts anticipate 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. Shareholders of record on Friday, August 18th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.03%. The ex-dividend date is Wednesday, August 16th. 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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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.

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

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