Hourglass Capital LLC held its stake in The Kraft Heinz Company (NASDAQ:KHC) during the first quarter, Holdings Channel reports. The institutional investor owned 2,440 shares of the company’s stock at the end of the first quarter. Hourglass Capital LLC’s holdings in The Kraft Heinz Company were worth $222,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KHC. Gateway Investment Advisers LLC boosted its stake in The Kraft Heinz Company 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. Wallace Capital Management Inc. boosted its stake in The Kraft Heinz Company by 0.7% in the fourth quarter. Wallace Capital Management Inc. now owns 14,871 shares of the company’s stock worth $1,299,000 after buying an additional 109 shares during the period. Cape Cod Five Cents Savings Bank boosted its stake in The Kraft Heinz Company 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 stake in The Kraft Heinz Company 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, CENTRAL TRUST Co boosted its stake in The Kraft Heinz Company by 0.5% in the first quarter. CENTRAL TRUST Co now owns 66,670 shares of the company’s stock worth $6,054,000 after buying an additional 362 shares during the period. 62.64% of the stock is currently owned by institutional investors.

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

Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 89.41 on Friday. The Kraft Heinz Company has a one year low of $79.69 and a one year high of $97.77. The company has a market cap of $108.87 billion, a PE ratio of 31.82 and a beta of 0.42. The company’s 50-day moving average price is $90.96 and its 200 day moving average price is $89.60.

The Kraft Heinz Company (NASDAQ:KHC) last announced its earnings results on Wednesday, May 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.01. The Kraft Heinz Company had a return on equity of 7.25% and a net margin of 13.12%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The Kraft Heinz Company’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.68%. The Kraft Heinz Company’s payout ratio is 85.11%.

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KHC has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price target on shares of The Kraft Heinz Company in a report on Sunday, February 19th. Credit Suisse Group reaffirmed an “outperform” rating on shares of The Kraft Heinz Company in a report on Sunday, April 23rd. Vetr raised The Kraft Heinz Company from a “hold” rating to a “buy” rating and set a $95.36 price target on the stock in a report on Wednesday, March 1st. Goldman Sachs Group, Inc. (The) lifted their price target on The Kraft Heinz Company from $95.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 4th. Finally, Zacks Investment Research raised The Kraft Heinz Company from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $98.45.

The Kraft Heinz Company 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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