River Wealth Advisors LLC Increases Holdings in The Kraft Heinz Company (KHC)

River Wealth Advisors LLC raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,659 shares of the company’s stock after acquiring an additional 415 shares during the period. River Wealth Advisors LLC’s holdings in The Kraft Heinz were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Chip Partners Inc. increased its holdings in The Kraft Heinz by 0.5% in the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after acquiring an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America increased its holdings in The Kraft Heinz by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after acquiring an additional 16 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in The Kraft Heinz by 0.6% in the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock valued at $306,000 after acquiring an additional 21 shares during the last quarter. National Asset Management Inc. increased its holdings in The Kraft Heinz by 0.5% in the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after acquiring an additional 21 shares during the last quarter. Finally, First Foundation Advisors increased its holdings in The Kraft Heinz by 0.5% in the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 61.91% of the company’s stock.

KHC has been the topic of a number of research reports. BidaskClub upgraded shares of The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Credit Suisse Group set a $100.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price target on shares of The Kraft Heinz in a report on Friday, September 1st. Zacks Investment Research downgraded shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Finally, Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $84.00 price target on shares of The Kraft Heinz in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $97.18.

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The Kraft Heinz Company (NASDAQ KHC) opened at 81.43 on Friday. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The stock has a market capitalization of $99.20 billion, a PE ratio of 26.10 and a beta of 0.45. The company’s 50 day moving average is $81.87 and its 200-day moving average is $86.12.

The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during 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 company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is 79.87%.

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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