United Bank Inc. Sells 100 Shares of The Kraft Heinz Company (NASDAQ:KHC)

United Bank Inc. reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,953 shares of the company’s stock after selling 100 shares during the period. United Bank Inc.’s holdings in The Kraft Heinz were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KHC. Rockefeller Financial Services Inc. raised its stake in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC raised its stake in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of The Kraft Heinz during the first quarter valued at approximately $109,000. Blue Chip Partners Inc. raised its stake in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of The Kraft Heinz during the first quarter valued at approximately $136,000. 62.01% of the stock is owned by institutional investors.

Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 0.99% on Tuesday, reaching $86.16. 3,125,463 shares of the company traded hands. The stock has a market cap of $104.91 billion, a price-to-earnings ratio of 30.66 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 stock has a 50 day moving average of $86.50 and a 200 day moving average of $89.83.

The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The company 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 Kraft Heinz’s revenue for the quarter 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. On average, analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.90%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is 76.68%.

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A number of research analysts recently commented on KHC shares. Credit Suisse Group reiterated an “outperform” rating on shares of The Kraft Heinz in a research note on Sunday, April 23rd. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. Berenberg Bank initiated coverage on shares of The Kraft Heinz in a research report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price target on the stock. Finally, BMO Capital Markets restated a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a research report on Thursday, June 15th. Two equities 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. The stock has an average rating of “Hold” and an average price target of $97.96.

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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