Kraft Heinz Co (KHC) Position Trimmed by First National Trust Co

First National Trust Co trimmed its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 29.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,328 shares of the company’s stock after selling 8,461 shares during the period. First National Trust Co’s holdings in Kraft Heinz were worth $1,581,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after buying an additional 2,659,846 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at $102,151,000. Principal Financial Group Inc. increased its stake in shares of Kraft Heinz by 128.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock valued at $165,499,000 after buying an additional 1,086,062 shares during the period. Pioneer Investment Management Inc. acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at $79,757,000. Finally, Alliancebernstein L.P. increased its stake in shares of Kraft Heinz by 49.4% in the 2nd quarter. Alliancebernstein L.P. now owns 2,658,122 shares of the company’s stock valued at $227,642,000 after buying an additional 878,768 shares during the period. 62.01% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Co (NASDAQ KHC) opened at $80.07 on Thursday. Kraft Heinz Co has a 12-month low of $75.21 and a 12-month high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The stock has a market capitalization of $95,820.32, a price-to-earnings ratio of 24.94, a PEG ratio of 1.99 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the company earned $0.83 EPS. The firm’s revenue was up .7% on a year-over-year basis. research analysts anticipate that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on KHC shares. Royal Bank of Canada reissued a “buy” rating and issued a $95.00 target price on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price on shares of Kraft Heinz in a research note on Thursday, September 21st. UBS Group reissued a “buy” rating and issued a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $92.49.

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Kraft Heinz Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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