Pettyjohn Wood & White Inc. Has $318,000 Stake in The Kraft Heinz Company (KHC)

Pettyjohn Wood & White Inc. lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,712 shares of the company’s stock after selling 300 shares during the period. Pettyjohn Wood & White Inc.’s holdings in The Kraft Heinz were worth $318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KHC. Vanguard Group Inc. raised its stake in The Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after acquiring an additional 487,241 shares during the last quarter. BlackRock Inc. raised its stake in The Kraft Heinz by 1.7% in the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after acquiring an additional 562,183 shares during the last quarter. State Street Corp raised its stake in The Kraft Heinz by 2.8% in the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after acquiring an additional 680,941 shares during the last quarter. FMR LLC raised its stake in The Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after acquiring an additional 2,659,846 shares during the last quarter. Finally, Morgan Stanley raised its stake in The Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after acquiring an additional 2,988,664 shares during the last quarter. Hedge funds and other institutional investors own 61.79% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 75.27 on Tuesday. The Kraft Heinz Company has a 12 month low of $75.21 and a 12 month high of $97.77. The firm’s 50-day moving average price is $78.48 and its 200 day moving average price is $85.42. The firm has a market capitalization of $91.70 billion, a P/E ratio of 24.12 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. Analysts anticipate that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on KHC shares. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Piper Jaffray Companies upgraded The Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. BidaskClub lowered The Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, Berenberg Bank set a $102.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $95.53.

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The Kraft Heinz 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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