Buck Wealth Strategies LLC Buys 9,870 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Buck Wealth Strategies LLC increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 81.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,920 shares of the company’s stock after buying an additional 9,870 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Kraft Heinz were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after purchasing an additional 545,504 shares during the period. Banque Cantonale Vaudoise lifted its holdings in Kraft Heinz by 52.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock valued at $5,988,000 after purchasing an additional 58,665 shares during the last quarter. Brookstone Capital Management lifted its position in Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after acquiring an additional 238,913 shares during the last quarter. Easterly Investment Partners LLC grew its holdings in Kraft Heinz by 39.4% in the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock valued at $5,529,000 after buying an additional 44,485 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after purchasing an additional 54,656 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.3 %

Shares of NASDAQ KHC opened at $28.61 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm has a 50-day simple moving average of $30.22 and a two-hundred day simple moving average of $32.93. The Kraft Heinz Company has a 1 year low of $28.31 and a 1 year high of $38.96. The company has a market cap of $34.59 billion, a P/E ratio of 25.77, a PEG ratio of 3.82 and a beta of 0.47.

Analyst Ratings Changes

KHC has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. 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. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Stifel Nicolaus lowered their price objective 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. Finally, Citigroup decreased their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.07.

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.