Adell Harriman & Carpenter Inc. reduced its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,674 shares of the company’s stock after selling 2,950 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Kraft Heinz were worth $1,685,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in Kraft Heinz by 30.0% during 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 period. Renaissance Technologies LLC bought a new stake in Kraft Heinz during the 2nd quarter worth approximately $102,151,000. Principal Financial Group Inc. increased its holdings in Kraft Heinz by 128.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock worth $165,499,000 after acquiring an additional 1,086,062 shares during the period. Alliancebernstein L.P. increased its holdings in Kraft Heinz by 49.4% during the 2nd quarter. Alliancebernstein L.P. now owns 2,658,122 shares of the company’s stock worth $227,642,000 after acquiring an additional 878,768 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Kraft Heinz by 509.2% during the 2nd quarter. Janus Henderson Group PLC now owns 876,433 shares of the company’s stock worth $75,053,000 after acquiring an additional 732,575 shares during the period. Institutional investors own 61.92% of the company’s stock.
Kraft Heinz Co (NASDAQ KHC) opened at $74.31 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a twelve month low of $72.05 and a twelve month high of $97.77. The company has a market cap of $90,530.00 and a price-to-earnings ratio of 23.15.
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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.
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