The Kraft Heinz Company (NASDAQ:KHC) Holdings Decreased by Kennedy Investment Group

Kennedy Investment Group decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,830 shares of the company’s stock after selling 1,093 shares during the quarter. Kennedy Investment Group’s holdings in Kraft Heinz were worth $855,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fortitude Family Office LLC boosted its position in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz in the 3rd quarter valued at approximately $27,000. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. grew its holdings in Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after buying an additional 797 shares during the last quarter. Finally, Bangor Savings Bank acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $32,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KHC shares. Wells Fargo & Company decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Evercore ISI restated an “in-line” rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Piper Sandler restated a “neutral” rating and set a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Citigroup dropped their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, The Goldman Sachs Group decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kraft Heinz has an average rating of “Hold” and an average price target of $34.77.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $29.59 on Wednesday. The firm has a market cap of $35.78 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 3.45 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. The Kraft Heinz Company has a 1-year low of $28.37 and a 1-year high of $38.96. The business’s 50 day moving average is $30.51 and its 200-day moving average is $33.11.

Kraft Heinz (NASDAQ:KHC) last issued 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 business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. Equities research analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current year.

Insider Buying and Selling

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