NJ State Employees Deferred Compensation Plan held its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,329 shares of the company’s stock at the end of the 2nd quarter. NJ State Employees Deferred Compensation Plan’s holdings in The Kraft Heinz were worth $1,313,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KHC. Rockefeller Financial Services Inc. raised its position in The Kraft Heinz by 240.2% in the 1st quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after purchasing an additional 800 shares during the last quarter. V Wealth Management LLC purchased a new stake in The Kraft Heinz in the 2nd quarter valued at $125,000. Blue Chip Partners Inc. raised its position in The Kraft Heinz by 0.5% in the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after purchasing an additional 8 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in The Kraft Heinz in the 1st quarter valued at $136,000. Finally, Enterprise Financial Services Corp raised its position in The Kraft Heinz by 11.8% in the 1st quarter. Enterprise Financial Services Corp now owns 1,521 shares of the company’s stock valued at $138,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.

The Kraft Heinz Company (KHC) opened at 81.43 on Friday. The stock has a market cap of $99.20 billion, a P/E ratio of 26.10 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 firm’s 50-day moving average is $81.87 and its 200-day moving average is $86.12.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating 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 business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were given a $0.625 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 3.07%. The Kraft Heinz’s payout ratio is 79.87%.

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Several analysts recently commented on the stock. Royal Bank Of Canada set a $96.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, June 3rd. Susquehanna Bancshares Inc set a $99.00 price target on shares of The Kraft Heinz and gave the company a “hold” rating in a research report on Tuesday, June 6th. 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 price target for the company. Piper Jaffray Companies assumed coverage on shares of The Kraft Heinz in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price target for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $97.18.

The Kraft Heinz 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.

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

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