Caisse DE Depot ET Placement DU Quebec boosted its stake in Kraft Heinz Co (NASDAQ:KHC) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,002 shares of the company’s stock after purchasing an additional 8,100 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Kraft Heinz were worth $31,852,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Symphony Asset Management LLC increased its stake in shares of Kraft Heinz by 15.6% during the second quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after buying an additional 4,377 shares during the period. Pennsylvania Trust Co increased its stake in shares of Kraft Heinz by 8.9% during the second quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock valued at $5,663,000 after buying an additional 5,422 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in shares of Kraft Heinz by 40.9% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after buying an additional 1,760 shares during the period. Creative Planning increased its stake in shares of Kraft Heinz by 1.9% during the second quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after buying an additional 1,485 shares during the period. Finally, U S Global Investors Inc. purchased a new position in shares of Kraft Heinz during the second quarter valued at approximately $388,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kraft Heinz Co (NASDAQ KHC) opened at $79.54 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. Kraft Heinz Co has a 1 year low of $75.21 and a 1 year high of $97.77. The firm has a market capitalization of $96,234.61, a P/E ratio of 22.18, a P/E/G ratio of 2.19 and a beta of 0.45.

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. 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 Kraft Heinz Co will post 3.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.14%. Kraft Heinz’s dividend payout ratio is presently 77.88%.

KHC has been the topic of several research analyst reports. BMO Capital Markets reduced their target price on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup reduced their target price on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Piper Jaffray Companies raised Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Kraft Heinz has an average rating of “Buy” and an average price target of $92.49.

WARNING: This story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/12/16/caisse-de-depot-et-placement-du-quebec-has-31-85-million-holdings-in-kraft-heinz-co-khc.html.

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.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Co (NASDAQ:KHC).

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

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