Tredje AP fonden lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,998 shares of the company’s stock after buying an additional 9,955 shares during the period. Tredje AP fonden’s holdings in The Kraft Heinz were worth $6,680,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in The Kraft Heinz by 3.9% in 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. BlackRock Inc. lifted its stake in The Kraft Heinz by 2,314.8% in 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. State Street Corp lifted its stake in The Kraft Heinz by 2.8% in the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after purchasing an additional 680,941 shares during the last quarter. FMR LLC lifted its stake in The Kraft Heinz by 9.8% in 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. Finally, Morgan Stanley lifted its stake in The Kraft Heinz by 55.6% in 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. Institutional investors own 61.76% of the company’s stock.

The Kraft Heinz Company (NASDAQ KHC) opened at 77.10 on Thursday. The stock’s 50 day moving average is $79.42 and its 200 day moving average is $86.28. The company has a market capitalization of $93.93 billion, a PE ratio of 24.71 and a beta of 0.44. The Kraft Heinz Company has a one year low of $76.67 and a one year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/19/tredje-ap-fonden-acquires-9955-shares-of-the-kraft-heinz-company-khc.html.

KHC has been the subject of several recent analyst reports. UBS AG reiterated a “buy” rating and issued a $89.00 target price (down from $97.00) on shares of The Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. BidaskClub upgraded shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies upgraded shares of The Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their target price for the company from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 target price on shares of The Kraft Heinz in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.53.

The Kraft Heinz Company 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.

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

Receive News & Stock Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related stocks with our FREE daily email newsletter.