State Treasurer State of Michigan grew its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,846 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. State Treasurer State of Michigan’s holdings in Kraft Heinz were worth $11,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Schnieders Capital Management LLC boosted its holdings in Kraft Heinz by 3.2% during the 1st quarter. Schnieders Capital Management LLC now owns 27,688 shares of the company’s stock worth $1,725,000 after acquiring an additional 866 shares during the last quarter. Cibc Bank USA raised its stake in shares of Kraft Heinz by 5.5% during the 2nd quarter. Cibc Bank USA now owns 16,638 shares of the company’s stock worth $1,045,000 after purchasing an additional 872 shares during the period. World Asset Management Inc raised its stake in shares of Kraft Heinz by 2.5% during the 2nd quarter. World Asset Management Inc now owns 36,493 shares of the company’s stock worth $2,292,000 after purchasing an additional 903 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of Kraft Heinz by 133.5% during the 2nd quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock worth $106,000 after purchasing an additional 965 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Kraft Heinz by 23.1% during the 2nd quarter. Parallel Advisors LLC now owns 5,162 shares of the company’s stock worth $324,000 after purchasing an additional 967 shares during the period. 62.48% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Eduardo Pelleissone sold 35,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $63.85, for a total value of $2,234,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $59.85, for a total value of $1,234,724,292.90. The disclosure for this sale can be found here. Insiders own 26.81% of the company’s stock.

A number of research firms have recently commented on KHC. BidaskClub cut Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 target price on shares of Kraft Heinz in a research note on Tuesday, August 7th. Bank of America set a $85.00 target price on Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 6th. Zacks Investment Research cut Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Finally, Susquehanna Bancshares set a $58.00 target price on Kraft Heinz and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. Five research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Kraft Heinz has an average rating of “Hold” and an average price target of $75.25.

Shares of Kraft Heinz stock opened at $61.02 on Friday. Kraft Heinz Co has a 52-week low of $54.11 and a 52-week high of $85.28. The stock has a market capitalization of $72.73 billion, a P/E ratio of 17.19, a PEG ratio of 2.03 and a beta of 0.59. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Friday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. Kraft Heinz had a return on equity of 6.16% and a net margin of 40.85%. The business had revenue of $6.69 billion for the quarter, compared to analysts’ expectations of $6.57 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. sell-side analysts forecast that Kraft Heinz Co will post 3.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 17th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Thursday, August 16th. Kraft Heinz’s dividend payout ratio is currently 70.42%.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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