Sentry Investment Management LLC Reduces Holdings in Kraft Heinz Co (KHC)

Sentry Investment Management LLC cut its position in Kraft Heinz Co (NASDAQ:KHC) by 70.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,486 shares of the company’s stock after selling 15,442 shares during the quarter. Sentry Investment Management LLC’s holdings in Kraft Heinz were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Westside Investment Management Inc. increased its stake in shares of Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Kraft Heinz in the second quarter valued at about $121,000. Cerebellum GP LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $124,000. GWM Advisors LLC acquired a new stake in shares of Kraft Heinz in the second quarter valued at about $137,000. Finally, Oakworth Capital Inc. increased its stake in shares of Kraft Heinz by 76.5% in the fourth quarter. Oakworth Capital Inc. now owns 1,742 shares of the company’s stock valued at $141,000 after buying an additional 755 shares during the period. Hedge funds and other institutional investors own 61.93% of the company’s stock.

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

Shares of Kraft Heinz Co (NASDAQ KHC) opened at $71.92 on Thursday. Kraft Heinz Co has a one year low of $70.25 and a one year high of $97.77. The company has a market capitalization of $87,376.34, a P/E ratio of 20.14, a P/E/G ratio of 1.93 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

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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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