The Kraft Heinz Company (KHC) Position Maintained by Bartlett & Co. LLC

Bartlett & Co. LLC continued to hold its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,796 shares of the company’s stock at the end of the second quarter. Bartlett & Co. LLC’s holdings in The Kraft Heinz were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KHC. Gateway Investment Advisers LLC boosted its position 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 period. Tiedemann Wealth Management LLC boosted its position 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 period. Cape Cod Five Cents Savings Bank boosted its position 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 period. Ibex Wealth Advisors boosted its position in The Kraft Heinz by 7.7% in the fourth quarter. Ibex Wealth Advisors now owns 16,947 shares of the company’s stock worth $1,507,000 after buying an additional 1,215 shares during the period. Finally, Pillar Pacific Capital Management LLC boosted its position 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 period. 61.88% of the stock is owned by hedge funds and other institutional investors.

Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 0.73% during midday trading on Friday, hitting $84.49. The stock had a trading volume of 2,833,525 shares. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The firm has a 50-day moving average price of $85.85 and a 200-day moving average price of $89.68. The firm has a market cap of $102.93 billion, a price-to-earnings ratio of 27.08 and a beta of 0.44.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 2.96%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is presently 79.87%.

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A number of brokerages have recently commented on KHC. Credit Suisse Group reaffirmed an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Zacks Investment Research downgraded The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. Berenberg Bank began coverage on The Kraft Heinz in a research report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 price objective on shares of The Kraft Heinz in a research report on Thursday, June 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $97.31.

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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