Weaver Capital Management LLC Has $267,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Weaver Capital Management LLC lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 20.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,700 shares of the company’s stock after selling 2,247 shares during the period. Weaver Capital Management LLC’s holdings in Kraft Heinz were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Old North State Wealth Management LLC increased its position in Kraft Heinz by 7.8% during the fourth quarter. Old North State Wealth Management LLC now owns 82,510 shares of the company’s stock worth $2,535,000 after acquiring an additional 5,972 shares during the period. E. Ohman J or Asset Management AB boosted its holdings in shares of Kraft Heinz by 14.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 43,200 shares of the company’s stock valued at $1,327,000 after purchasing an additional 5,300 shares in the last quarter. Brown Lisle Cummings Inc. raised its stake in Kraft Heinz by 14.4% during the fourth quarter. Brown Lisle Cummings Inc. now owns 25,235 shares of the company’s stock worth $775,000 after acquiring an additional 3,177 shares in the last quarter. Dupree Financial Group LLC grew its stake in shares of Kraft Heinz by 1.3% during the fourth quarter. Dupree Financial Group LLC now owns 235,051 shares of the company’s stock worth $7,218,000 after buying an additional 3,085 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in Kraft Heinz by 4.2% in the fourth quarter. DAVENPORT & Co LLC now owns 175,723 shares of the company’s stock valued at $5,396,000 after purchasing an additional 7,101 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KHC. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Piper Sandler restated a “neutral” rating and issued a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Barclays cut their price target on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment 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. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $28.61 on Thursday. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.82 and a beta of 0.47. The Kraft Heinz Company has a 1-year low of $28.31 and a 1-year high of $38.96. The business has a 50 day moving average of $30.29 and a 200 day moving average of $32.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

Kraft Heinz Company 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.