CIBC World Markets Inc. boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,260 shares of the company’s stock after acquiring an additional 28,752 shares during the period. CIBC World Markets Inc.’s holdings in The Kraft Heinz were worth $20,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in The Kraft Heinz by 2,314.8% during 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 in the last quarter. Morgan Stanley increased its stake in The Kraft Heinz by 55.6% during 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 in the last quarter. Vanguard Group Inc. increased its stake in The Kraft Heinz by 3.9% during 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 in the last quarter. Thornburg Investment Management Inc. increased its stake in The Kraft Heinz by 9,061.9% during the 1st quarter. Thornburg Investment Management Inc. now owns 1,145,240 shares of the company’s stock valued at $103,999,000 after purchasing an additional 1,132,740 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in The Kraft Heinz by 128.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock valued at $165,499,000 after purchasing an additional 1,086,062 shares in the last quarter. 61.76% of the stock is owned by institutional investors.

A number of research firms have weighed in on KHC. BidaskClub lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. J P Morgan Chase & Co restated an “overweight” rating and set a $99.00 price objective (down from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz presently has a consensus rating of “Buy” and a consensus target price of $95.53.

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 77.10 on Thursday. The company has a market capitalization of $93.93 billion, a price-to-earnings ratio of 24.71 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $76.67 and a 52 week high of $97.77. The stock has a 50 day moving average of $79.42 and a 200-day moving average of $86.28.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The Kraft Heinz’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.

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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.

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

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