Lincoln National Corp lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 15.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,721 shares of the company’s stock after acquiring an additional 494 shares during the quarter. Lincoln National Corp’s holdings in The Kraft Heinz were worth $319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Blue Chip Partners Inc. boosted its position in The Kraft Heinz by 0.5% during 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 period. Guardian Life Insurance Co. of America boosted its position in The Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after purchasing an additional 16 shares during the period. Cobblestone Capital Advisors LLC NY boosted its position in The Kraft Heinz by 0.6% during the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock valued at $306,000 after purchasing an additional 21 shares during the period. National Asset Management Inc. boosted its position in The Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after purchasing an additional 21 shares during the period. Finally, First Foundation Advisors boosted its position in The Kraft Heinz by 0.5% during the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after purchasing an additional 23 shares during the period. Institutional investors own 61.80% of the company’s stock.

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A number of research analysts recently issued reports on KHC shares. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. BidaskClub upgraded The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a research report on Friday, September 1st. Susquehanna Bancshares Inc restated a “hold” rating and set a $84.00 price objective on shares of The Kraft Heinz in a research report on Thursday, September 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $96.53.

The Kraft Heinz Company (KHC) opened at 77.77 on Thursday. The Kraft Heinz Company has a 12 month low of $76.76 and a 12 month high of $97.77. The firm has a market cap of $94.74 billion, a price-to-earnings ratio of 24.93 and a beta of 0.44. The firm’s 50-day moving average price is $79.57 and its 200-day moving average price is $79.57.

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 the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The Kraft Heinz’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Equities research analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a yield of 3.21%. The Kraft Heinz’s dividend payout ratio is 79.87%.

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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