Sentry Investment Management LLC Has $3.93 Million Stake in The Kraft Heinz Company (KHC)

Sentry Investment Management LLC decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,250 shares of the company’s stock after selling 1,913 shares during the period. Sentry Investment Management LLC’s holdings in The Kraft Heinz were worth $3,928,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Bollard Group LLC increased its position in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the period. Fisher Asset Management LLC increased its position in The Kraft Heinz by 0.3% in the first quarter. Fisher Asset Management LLC now owns 2,889 shares of the company’s stock worth $262,000 after buying an additional 8 shares during the period. Blue Chip Partners Inc. increased its position in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the period. Cobblestone Capital Advisors LLC NY increased its position in The Kraft Heinz by 0.6% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock worth $306,000 after buying an additional 21 shares during the period. Finally, First Foundation Advisors increased its position in The Kraft Heinz by 0.5% in the first quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock worth $465,000 after buying an additional 23 shares during the period. Institutional investors own 61.88% of the company’s stock.

The Kraft Heinz Company (NASDAQ:KHC) opened at 84.49 on Friday. The company has a market cap of $102.93 billion, a PE ratio of 27.08 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77. The firm’s 50-day moving average is $85.82 and its 200-day moving average is $89.65.

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

The business also recently announced 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. The ex-dividend date is Wednesday, August 16th. This represents a $2.50 annualized dividend and a yield of 2.96%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio is currently 79.87%.

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A number of equities analysts have recently weighed in on KHC shares. TheStreet raised shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank began coverage on shares of The Kraft Heinz in a research 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 research 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 research 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 research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The Kraft Heinz has an average rating of “Hold” and a consensus target price 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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