Peachtree Investment Advisors Inc. trimmed its stake in Kraft Heinz Co (NASDAQ:KHC) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,617 shares of the company’s stock after selling 1,230 shares during the period. Peachtree Investment Advisors Inc.’s holdings in Kraft Heinz were worth $457,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC increased its holdings in Kraft Heinz by 83.3% in the fourth quarter. Cerebellum GP LLC now owns 5,821 shares of the company’s stock valued at $251,000 after purchasing an additional 2,646 shares during the period. Legal & General Group Plc grew its holdings in Kraft Heinz by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 3,065,442 shares of the company’s stock worth $168,904,000 after acquiring an additional 174,254 shares during the period. Pittenger & Anderson Inc. grew its holdings in Kraft Heinz by 80.7% during the 3rd quarter. Pittenger & Anderson Inc. now owns 28,410 shares of the company’s stock worth $1,566,000 after acquiring an additional 12,685 shares during the period. Vanguard Group Inc. grew its holdings in Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after acquiring an additional 1,123,288 shares during the period. Finally, B. Riley Wealth Management Inc. acquired a new stake in Kraft Heinz during the 3rd quarter worth about $384,000. Institutional investors and hedge funds own 62.62% of the company’s stock.
Shares of KHC traded up $0.48 during trading hours on Monday, hitting $46.09. The stock had a trading volume of 873,103 shares, compared to its average volume of 6,645,600. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. The company has a market cap of $55.03 billion, a PE ratio of 12.98, a P/E/G ratio of 2.19 and a beta of 0.65. Kraft Heinz Co has a 1-year low of $41.60 and a 1-year high of $80.67.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Kraft Heinz had a net margin of 39.56% and a return on equity of 6.62%. The business had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the business posted $0.83 EPS. Kraft Heinz’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Kraft Heinz Co will post 3.62 EPS for the current fiscal year.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine downgraded Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Standpoint Research initiated coverage on Kraft Heinz in a report on Wednesday, December 26th. They set a “buy” rating for the company. Berenberg Bank set a $64.00 target price on Kraft Heinz and gave the company a “buy” rating in a research note on Tuesday, November 20th. Finally, BidaskClub downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Seven investment analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $66.89.
Kraft Heinz 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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