Navellier & Associates Inc raised its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,963 shares of the company’s stock after acquiring an additional 803 shares during the period. Navellier & Associates Inc’s holdings in The Kraft Heinz were worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of The Kraft Heinz by 1.2% during the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after purchasing an additional 487,241 shares in the last quarter. BlackRock Inc. boosted its stake in shares of The Kraft Heinz by 1.7% during the second quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock valued at $2,835,974,000 after purchasing an additional 562,183 shares in the last quarter. State Street Corp boosted its stake in shares of The Kraft Heinz by 2.8% during the first 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 in the last quarter. FMR LLC boosted its stake in shares of The Kraft Heinz by 30.0% during the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after purchasing an additional 2,659,846 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of The Kraft Heinz by 55.6% during 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. Hedge funds and other institutional investors own 61.59% of the company’s stock.

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KHC has been the topic of a number of recent research reports. TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank set a $102.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research note on Monday, August 7th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Thursday, September 21st. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz presently has an average rating of “Buy” and an average target price of $92.49.

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.68 on Friday. The firm has a market capitalization of $95,990.91, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a 1-year low of $75.21 and a 1-year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. equities analysts anticipate that The Kraft Heinz Company will post 3.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.14%. The Kraft Heinz’s payout ratio is currently 77.88%.

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.

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

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