Archon Partners LLC maintained 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 SEC. The fund owned 124,000 shares of the company’s stock at the close of the 2nd quarter. The Kraft Heinz comprises approximately 2.5% of Archon Partners LLC’s holdings, making the stock its 18th biggest position. Archon Partners LLC’s holdings in The Kraft Heinz were worth $10,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of KHC. Pennsylvania Trust Co boosted its stake in shares of The Kraft Heinz by 8.9% in the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after purchasing an additional 5,422 shares during the last quarter. Creative Planning boosted its stake in shares of The Kraft Heinz by 1.9% in the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after purchasing an additional 1,485 shares during the last quarter. Tiedemann Wealth Management LLC boosted its stake in shares of The Kraft Heinz by 6.4% in the 1st quarter. Tiedemann Wealth Management LLC now owns 47,256 shares of the company’s stock valued at $4,291,000 after purchasing an additional 2,861 shares during the last quarter. New England Asset Management Inc. boosted its stake in shares of The Kraft Heinz by 7.6% in the 1st quarter. New England Asset Management Inc. now owns 64,483 shares of the company’s stock valued at $5,856,000 after purchasing an additional 4,560 shares during the last quarter. Finally, Fiduciary Trust Co. boosted its stake in shares of The Kraft Heinz by 37.4% in the 1st quarter. Fiduciary Trust Co. now owns 17,804 shares of the company’s stock valued at $1,617,000 after purchasing an additional 4,850 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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KHC has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. BidaskClub lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 target price (down previously from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $91.00 target price (down previously from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Finally, Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $96.36.

The Kraft Heinz Company (NASDAQ:KHC) opened at 78.14 on Wednesday. The company’s 50-day moving average is $79.28 and its 200 day moving average is $79.28. The company has a market cap of $95.19 billion, a price-to-earnings ratio of 25.04 and a beta of 0.44. The Kraft Heinz Company has a 1-year low of $76.76 and a 1-year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts predict that The Kraft Heinz Company will post $3.24 EPS 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 issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is presently 79.87%.

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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