Silverlake Wealth Management LLC Trims Stake in The Kraft Heinz Company (NASDAQ:KHC)

Silverlake Wealth Management LLC lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,080 shares of the company’s stock after selling 1,392 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Kraft Heinz were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. Fortitude Family Office LLC grew its holdings in shares of Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz in the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the last quarter. Finally, Bangor Savings Bank bought a new position in shares of Kraft Heinz in the third quarter worth about $32,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on KHC. UBS Group cut their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus cut their price target on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $34.07.

Kraft Heinz Stock Down 2.0 %

NASDAQ:KHC opened at $28.70 on Wednesday. The Kraft Heinz Company has a fifty-two week low of $28.37 and a fifty-two week high of $38.96. The stock has a market capitalization of $34.70 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.82 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The company’s 50-day simple moving average is $30.36 and its 200-day simple moving average is $33.00.

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.