OLD National Bancorp IN lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 1.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 27,040 shares of the company’s stock after selling 486 shares during the period. OLD National Bancorp IN’s holdings in The Kraft Heinz were worth $2,316,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KHC. BlackRock Inc. boosted its holdings in shares of The Kraft Heinz by 2,314.8% during the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after purchasing an additional 31,204,852 shares during the last quarter. Morgan Stanley boosted its holdings in shares of The Kraft Heinz by 55.6% during the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after purchasing an additional 2,988,664 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Kraft Heinz by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after purchasing an additional 1,585,231 shares during the last quarter. Thornburg Investment Management Inc. boosted its holdings in shares of The Kraft Heinz by 9,061.9% during the 1st quarter. Thornburg Investment Management Inc. now owns 1,145,240 shares of the company’s stock valued at $103,999,000 after purchasing an additional 1,132,740 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of The Kraft Heinz by 9.8% during the 1st quarter. FMR LLC now owns 8,856,976 shares of the company’s stock valued at $804,302,000 after purchasing an additional 790,267 shares during the last quarter. Institutional investors and hedge funds own 61.91% of the company’s stock.

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Shares of The Kraft Heinz Company (KHC) traded up 0.18% during mid-day trading on Friday, reaching $81.43. 5,962,947 shares of the company’s stock traded hands. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77. The stock has a market capitalization of $99.20 billion, a PE ratio of 26.10 and a beta of 0.45. The company’s 50-day moving average price is $81.87 and its 200-day moving average price is $86.12.

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

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

Several research firms have commented on KHC. BidaskClub downgraded shares of The Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 5th. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, June 3rd. BMO Capital Markets reissued a “hold” rating and set a $96.00 price objective on shares of The Kraft Heinz in a report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently 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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