Brookmont Capital Management lifted its position in Kraft Heinz Co (NASDAQ:KHC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,271 shares of the company’s stock after acquiring an additional 985 shares during the period. Kraft Heinz accounts for 1.3% of Brookmont Capital Management’s holdings, making the stock its 27th largest position. Brookmont Capital Management’s holdings in Kraft Heinz were worth $2,119,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Meridian Wealth Management LLC purchased a new stake in Kraft Heinz in the first quarter valued at $27,000. Zions Bancorporation N.A. grew its stake in shares of Kraft Heinz by 303.4% in the second quarter. Zions Bancorporation N.A. now owns 960 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Kraft Heinz by 65.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,046 shares of the company’s stock valued at $34,000 after buying an additional 412 shares in the last quarter. G&S Capital LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at $36,000. Finally, Executive Wealth Management LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at $40,000. 58.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kraft Heinz stock traded up $0.30 on Friday, hitting $31.85. The stock had a trading volume of 177,847 shares, compared to its average volume of 5,907,524. Kraft Heinz Co has a 52-week low of $26.96 and a 52-week high of $64.99. 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 firm has a market cap of $38.91 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76. The business has a 50 day moving average price of $30.69.
KHC has been the subject of a number of research reports. Piper Jaffray Companies set a $360.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research note on Friday, May 31st. BidaskClub cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Wolfe Research cut Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 target price for the company. in a research note on Friday, March 29th. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a research note on Tuesday, July 2nd. Finally, UBS Group reissued a “buy” rating and set a $25.00 target price on shares of Infineon Technologies in a research note on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.22.
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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