The Kraft Heinz Company (KHC) Holdings Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,342 shares of the company’s stock after purchasing an additional 2,485 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in The Kraft Heinz were worth $5,596,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of The Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after buying an additional 950 shares during the period. V Wealth Management LLC purchased a new position in shares of The Kraft Heinz in the 2nd quarter worth $125,000. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of The Kraft Heinz in the 1st quarter worth $136,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of The Kraft Heinz by 7.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after buying an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on KHC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research report on Thursday, June 15th. BidaskClub lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 target price (down from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $91.00 target price (down from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Finally, Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $96.36.

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 77.33 on Tuesday. The firm has a market capitalization of $94.21 billion, a P/E ratio of 24.79 and a beta of 0.44. The company has a 50-day moving average price of $79.33 and a 200 day moving average price of $79.33. The Kraft Heinz Company has a one year low of $76.76 and a one year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The Kraft Heinz’s quarterly revenue was down 1.7% compared to the same quarter last year. Analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s payout ratio is presently 79.87%.

COPYRIGHT VIOLATION WARNING: “The Kraft Heinz Company (KHC) Holdings Lifted by Cambridge Investment Research Advisors Inc.” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/the-kraft-hein

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of The Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after buying an additional 950 shares during the period. V Wealth Management LLC purchased a new position in shares of The Kraft Heinz in the 2nd quarter worth $125,000. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of The Kraft Heinz in the 1st quarter worth $136,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of The Kraft Heinz by 7.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after buying an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on KHC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research report on Thursday, June 15th. BidaskClub lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 target price (down from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $91.00 target price (down from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Finally, Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $96.36.

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 77.33 on Tuesday. The firm has a market capitalization of $94.21 billion, a P/E ratio of 24.79 and a beta of 0.44. The company has a 50-day moving average price of $79.33 and a 200 day moving average price of $79.33. The Kraft Heinz Company has a one year low of $76.76 and a one year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The Kraft Heinz’s quarterly revenue was down 1.7% compared to the same quarter last year. Analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s payout ratio is presently 79.87%.

COPYRIGHT VIOLATION WARNING: “The Kraft Heinz Company (KHC) Holdings Lifted by Cambridge Investment Research Advisors Inc.” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/the-kraft-heinz-company-khc-holdings-lifted-by-cambridge-investment-research-advisors-inc.html.

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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