Kraft Heinz Co (NASDAQ:KHC) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. cut its position in Kraft Heinz Co (NASDAQ:KHC) by 19.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,537 shares of the company’s stock after selling 5,571 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Kraft Heinz were worth $700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of KHC. IHT Wealth Management LLC raised its position in shares of Kraft Heinz by 4.4% during the 4th quarter. IHT Wealth Management LLC now owns 6,081 shares of the company’s stock worth $262,000 after buying an additional 259 shares in the last quarter. Parsons Capital Management Inc. RI raised its position in shares of Kraft Heinz by 3.3% during the 1st quarter. Parsons Capital Management Inc. RI now owns 10,387 shares of the company’s stock worth $339,000 after buying an additional 334 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Kraft Heinz by 1.2% during the 1st quarter. Trust Co. of Vermont now owns 29,613 shares of the company’s stock worth $967,000 after buying an additional 343 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Kraft Heinz by 8.5% during the 1st quarter. Carroll Financial Associates Inc. now owns 4,670 shares of the company’s stock worth $152,000 after buying an additional 364 shares in the last quarter. Finally, Weik Capital Management raised its position in shares of Kraft Heinz by 4.9% during the 1st quarter. Weik Capital Management now owns 7,778 shares of the company’s stock worth $254,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 58.12% of the company’s stock.

Shares of NASDAQ KHC traded up $0.46 during midday trading on Tuesday, reaching $31.95. The company’s stock had a trading volume of 6,405,466 shares, compared to its average volume of 10,217,479. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $30.57. Kraft Heinz Co has a one year low of $26.96 and a one year high of $64.99. The stock has a market capitalization of $38.87 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 3.07 and a beta of 0.76.

A number of analysts have commented on KHC shares. Credit Suisse Group restated a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Piper Jaffray Companies set a $360.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, May 31st. Evercore ISI started coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price target on the stock. UBS Group restated a “buy” rating and set a $25.00 price target on shares of Infineon Technologies in a research report on Tuesday, May 7th. Finally, BidaskClub downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.22.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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