Private Bank & Trust Co. increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,054 shares of the company’s stock after buying an additional 695 shares during the period. Private Bank & Trust Co.’s holdings in The Kraft Heinz were worth $1,289,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Gateway Investment Advisers LLC raised its stake in The Kraft Heinz by 5.2% in the first quarter. Gateway Investment Advisers LLC now owns 378,339 shares of the company’s stock worth $34,357,000 after buying an additional 18,748 shares during the last quarter. Tiedemann Wealth Management LLC raised its stake in The Kraft Heinz by 6.4% in the first quarter. Tiedemann Wealth Management LLC now owns 47,256 shares of the company’s stock worth $4,291,000 after buying an additional 2,861 shares during the last quarter. Cape Cod Five Cents Savings Bank raised its stake in The Kraft Heinz by 9.3% in the first quarter. Cape Cod Five Cents Savings Bank now owns 4,698 shares of the company’s stock worth $427,000 after buying an additional 399 shares during the last quarter. Pillar Pacific Capital Management LLC raised its stake in The Kraft Heinz by 7.6% in the first quarter. Pillar Pacific Capital Management LLC now owns 3,693 shares of the company’s stock worth $335,000 after buying an additional 262 shares during the last quarter. Finally, K2 Principal Fund L.P. raised its stake in The Kraft Heinz by 338.8% in the first quarter. K2 Principal Fund L.P. now owns 14,507 shares of the company’s stock worth $1,317,000 after buying an additional 11,201 shares during the last quarter. 62.01% of the stock is currently owned by institutional investors.

The Kraft Heinz Company (NASDAQ KHC) traded up 0.68% during midday trading on Friday, hitting $86.47. 2,539,485 shares of the stock were exchanged. The stock has a market cap of $105.34 billion, a PE ratio of 27.71 and a beta of 0.44. The company’s 50 day moving average is $86.07 and its 200-day moving average is $89.76. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.625 per share. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s payout ratio is currently 76.68%.

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A number of equities research analysts have weighed in on KHC shares. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Berenberg Bank started coverage on shares of The Kraft Heinz in a report on Wednesday, June 7th. They set a “buy” rating and a $102.00 target price on the stock. Royal Bank Of Canada set a $96.00 target price on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, June 3rd. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, July 29th. Finally, Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $97.45.

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.

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

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