Rockefeller Financial Services Inc. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 438.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,793 shares of the company’s stock after buying an additional 1,460 shares during the period. Rockefeller Financial Services Inc.’s holdings in The Kraft Heinz were worth $139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake in The Kraft Heinz by 65.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,335 shares of the company’s stock worth $414,000 after purchasing an additional 2,107 shares during the period. Arrow Financial Corp increased its stake in The Kraft Heinz by 19.3% in the 3rd quarter. Arrow Financial Corp now owns 18,517 shares of the company’s stock worth $1,437,000 after purchasing an additional 3,000 shares during the period. Assenagon Asset Management S.A. increased its stake in The Kraft Heinz by 227.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 21,837 shares of the company’s stock worth $1,693,000 after purchasing an additional 15,171 shares during the period. Howe & Rusling Inc. increased its stake in The Kraft Heinz by 17.4% in the 3rd quarter. Howe & Rusling Inc. now owns 5,189 shares of the company’s stock worth $402,000 after purchasing an additional 768 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in The Kraft Heinz by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 73,990 shares of the company’s stock worth $5,738,000 after purchasing an additional 1,040 shares during the period. 61.59% of the stock is currently owned by institutional investors.

A number of brokerages have commented on KHC. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Zacks Investment Research cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies set a $92.00 price target on The Kraft Heinz and gave the stock a “hold” rating in a research note on Wednesday, August 16th. Finally, Berenberg Bank set a $102.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 7th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $92.49.

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Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.63 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The Kraft Heinz Company has a 1 year low of $75.21 and a 1 year high of $97.77. The firm has a market capitalization of $97,026.60, a P/E ratio of 22.37, a P/E/G ratio of 2.20 and a beta of 0.43.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.14%. The Kraft Heinz’s dividend payout ratio is presently 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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