The Kraft Heinz Company (KHC) Shares Sold by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 19.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,611 shares of the company’s stock after selling 21,641 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in The Kraft Heinz were worth $7,589,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in The Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares in the last quarter. V Wealth Management LLC acquired a new position in The Kraft Heinz in the second quarter worth about $125,000. Blue Chip Partners Inc. grew its stake in The Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in The Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after purchasing an additional 100 shares in the last quarter. Finally, Reilly Financial Advisors LLC grew its stake in The Kraft Heinz by 9.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,631 shares of the company’s stock worth $140,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

A number of research firms recently commented on KHC. BidaskClub upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Morgan Stanley decreased their target price on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets decreased their target price on The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Susquehanna Bancshares Inc decreased their target price on The Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $90.00 target price (down from $100.00) on shares of The Kraft Heinz in a research note on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $92.49.

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The Kraft Heinz Company (NASDAQ KHC) opened at $78.73 on Wednesday. The stock has a market capitalization of $96,700.00 and a price-to-earnings ratio of 22.43. The Kraft Heinz Company has a twelve month low of $75.21 and a twelve month high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. equities research analysts forecast that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is 77.88%.

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.

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

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