Huntington National Bank decreased its position in Kraft Heinz Co (NASDAQ:KHC) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,376 shares of the company’s stock after selling 3,701 shares during the period. Huntington National Bank’s holdings in Kraft Heinz were worth $880,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Good Life Advisors LLC acquired a new position in Kraft Heinz in the fourth quarter valued at about $277,000. Zeke Capital Advisors LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $1,092,000. Alpine Global Management LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $1,069,000. Wedbush Securities Inc. raised its position in shares of Kraft Heinz by 13.7% during the fourth quarter. Wedbush Securities Inc. now owns 25,244 shares of the company’s stock worth $811,000 after purchasing an additional 3,047 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $261,000. Institutional investors and hedge funds own 57.09% of the company’s stock.
A number of equities research analysts have recently commented on the company. Piper Jaffray Companies set a $33.00 price target on Kraft Heinz and gave the stock a “hold” rating in a research report on Friday, November 1st. ValuEngine raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank assumed coverage on Kraft Heinz in a research report on Wednesday, December 11th. They issued a “hold” rating and a $31.00 target price on the stock. Barclays set a $32.00 target price on Kraft Heinz and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, BidaskClub lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. Five investment analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.90.
KHC stock opened at $31.03 on Monday. The stock’s 50 day simple moving average is $31.41 and its 200 day simple moving average is $29.65. Kraft Heinz Co has a fifty-two week low of $24.86 and a fifty-two week high of $48.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.00. The company has a market cap of $38.75 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.78.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. Kraft Heinz had a positive return on equity of 6.23% and a negative net margin of 42.85%. The business had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the business earned $0.78 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities analysts predict that Kraft Heinz Co will post 2.81 earnings per share for the current year.
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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