Delta Lloyd Asset Management N.V. bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 100,912 shares of the company’s stock, valued at approximately $8,642,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of The Kraft Heinz by 2,314.8% in the first 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 in the last quarter. Morgan Stanley lifted its holdings in shares of The Kraft Heinz by 55.6% in the first 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of The Kraft Heinz by 3.9% in the first 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 in the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of The Kraft Heinz by 9,061.9% in the first 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 in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of The Kraft Heinz by 128.3% in the second quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock valued at $165,499,000 after purchasing an additional 1,086,062 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

KHC has been the topic of a number of research reports. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. Piper Jaffray Companies upgraded The Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the company from $92.00 to $90.00 in a report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a report on Thursday, June 15th. Finally, BidaskClub lowered The Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $96.36.

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Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 78.15 on Friday. The company has a market cap of $95.21 billion, a price-to-earnings ratio of 25.05 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $76.76 and a 12-month high of $97.77. The company’s 50-day moving average price is $79.18 and its 200 day moving average price is $79.18.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities 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 $0.625 dividend. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, August 16th. This represents a $2.50 annualized dividend and a yield of 3.20%. The Kraft Heinz’s dividend payout ratio (DPR) is presently 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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