Alpha Omega Wealth Management LLC Trims Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Alpha Omega Wealth Management LLC cut its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,104 shares of the company’s stock after selling 3,242 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Kraft Heinz were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KHC. China Universal Asset Management Co. Ltd. boosted its stake in Kraft Heinz by 28.3% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 19,678 shares of the company’s stock worth $604,000 after buying an additional 4,342 shares during the last quarter. GFS Advisors LLC acquired a new position in Kraft Heinz during the fourth quarter worth approximately $3,411,000. Caprock Group LLC boosted its holdings in shares of Kraft Heinz by 3.1% in the 4th quarter. Caprock Group LLC now owns 54,145 shares of the company’s stock valued at $1,663,000 after purchasing an additional 1,637 shares during the last quarter. Institute for Wealth Management LLC. grew its stake in shares of Kraft Heinz by 16.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 7,261 shares of the company’s stock valued at $223,000 after buying an additional 1,024 shares during the period. Finally, Hunter Associates Investment Management LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth $211,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $29.84 on Friday. The business has a 50 day simple moving average of $30.41 and a 200-day simple moving average of $33.03. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96. The company has a market capitalization of $36.08 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 3.80 and a beta of 0.48. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. As a group, equities research analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup cut their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their price target on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, UBS Group decreased their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.07.

Insiders Place Their Bets

In related news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.