Private Advisor Group LLC Has $3.04 Million Stake in Kraft Heinz Co (KHC)

Private Advisor Group LLC trimmed its position in Kraft Heinz Co (NASDAQ:KHC) by 42.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,735 shares of the company’s stock after selling 29,529 shares during the quarter. Private Advisor Group LLC’s holdings in Kraft Heinz were worth $3,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Symphony Asset Management LLC raised its stake in Kraft Heinz by 15.6% during the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after acquiring an additional 4,377 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in Kraft Heinz by 40.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after acquiring an additional 1,760 shares in the last quarter. U S Global Investors Inc. acquired a new stake in Kraft Heinz during the 2nd quarter worth $388,000. Iberiabank Corp raised its stake in Kraft Heinz by 7.4% during the 3rd quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock worth $1,588,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Kraft Heinz by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after acquiring an additional 487,241 shares in the last quarter. Institutional investors and hedge funds own 61.93% of the company’s stock.

Kraft Heinz Co (NASDAQ KHC) opened at $71.92 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The company has a market cap of $87,376.34, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.43. Kraft Heinz Co has a one year low of $70.25 and a one year high of $97.77.

Several equities research analysts recently commented on KHC shares. BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Citigroup cut their price target on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $90.00 price target (down from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. Finally, Susquehanna Bancshares cut their price target on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Kraft Heinz currently has an average rating of “Buy” and a consensus price target of $92.27.

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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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