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Levin Capital Strategies reduced Kraft Heinz stake by 13.1% while the company reported Q2 earnings of $0.78/share and $6.50B revenue, down 3.3%.
Levin Capital Strategies reduced its stake in Kraft Heinz by 13.1% in Q2, now owning 42,205 shares.
The company reported earnings of $0.78 per share, exceeding estimates, with quarterly revenue at $6.50 billion, down 3.3% year-over-year.
Kraft Heinz declared a $0.40 quarterly dividend, yielding 4.44%, to be paid on September 27.
Analysts have varied ratings on the stock, with an average target price of $37.31.
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Levin Capital Strategies redujo la participación de Kraft Heinz en un 13,1%, mientras que la compañía reportó ganancias de Q2 de $0,78/share e ingresos de $6,50B, bajando un 3,3%.