The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. cut its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,325 shares of the company’s stock after selling 1,941 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Kraft Heinz were worth $256,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sawyer & Company Inc purchased a new position in Kraft Heinz during the fourth quarter worth $25,000. Fortitude Family Office LLC increased its position in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Kraft Heinz during the third quarter worth $27,000. DiNuzzo Private Wealth Inc. increased its position in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares in the last quarter. Finally, Bangor Savings Bank purchased a new position in Kraft Heinz during the third quarter worth $32,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of recent analyst reports. UBS Group lowered their price objective 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. Wells Fargo & Company lowered their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group lowered their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Barclays lowered their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Citigroup lowered their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.07.

Kraft Heinz Trading Down 2.0 %

Shares of KHC opened at $28.70 on Wednesday. The stock’s 50-day moving average is $30.36 and its two-hundred day moving average is $33.00. The stock has a market cap of $34.70 billion, a PE ratio of 25.86, a P/E/G ratio of 3.82 and a beta of 0.47. The Kraft Heinz Company has a 12 month low of $28.37 and a 12 month high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

About Kraft Heinz

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.