Kraft Heinz Co (KHC) Holdings Reduced by Strategic Advisors LLC

Strategic Advisors LLC decreased its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,289 shares of the company’s stock after selling 1,189 shares during the period. Strategic Advisors LLC’s holdings in Kraft Heinz were worth $1,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Westside Investment Management Inc. grew its holdings in shares of Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after acquiring an additional 950 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $121,000. Blue Chip Partners Inc. grew its holdings in shares of Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the period. Finally, GWM Advisors LLC purchased a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $137,000. 62.01% of the stock is owned by institutional investors and hedge funds.

KHC has been the topic of several recent research reports. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. BMO Capital Markets cut their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup cut their price target on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, Piper Jaffray Companies upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $92.49.

Kraft Heinz Co (NASDAQ:KHC) traded up $1.29 during mid-day trading on Tuesday, reaching $78.64. The company had a trading volume of 5,266,989 shares, compared to its average volume of 3,450,000. The company has a market cap of $95,800.00 and a PE ratio of 24.50. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. analysts predict that Kraft Heinz Co will post 3.61 EPS for the current year.

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About 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 Kraft Heinz (NASDAQ:KHC)

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