Kraft Heinz Co (KHC) Position Boosted by Greatmark Investment Partners Inc.

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Greatmark Investment Partners Inc. increased its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 30.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,790 shares of the company’s stock after buying an additional 7,135 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Kraft Heinz were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. OLD Republic International Corp lifted its position in Kraft Heinz by 23.6% during the third quarter. OLD Republic International Corp now owns 445,000 shares of the company’s stock worth $24,524,000 after buying an additional 85,000 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in Kraft Heinz by 3.2% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 125,673 shares of the company’s stock worth $6,925,000 after buying an additional 3,907 shares during the period. Hikari Power Ltd lifted its position in Kraft Heinz by 25.0% during the third quarter. Hikari Power Ltd now owns 254,130 shares of the company’s stock worth $14,005,000 after buying an additional 50,870 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Kraft Heinz by 0.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 147,894 shares of the company’s stock worth $8,150,000 after buying an additional 1,025 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new position in Kraft Heinz during the third quarter worth about $240,000. Hedge funds and other institutional investors own 63.02% of the company’s stock.

In related news, EVP Eduardo Pelleissone sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $63.85, for a total value of $2,234,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $59.85, for a total value of $1,234,724,292.90. The disclosure for this sale can be found here. 26.81% of the stock is owned by company insiders.

KHC has been the subject of a number of recent research reports. ValuEngine upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Credit Suisse Group upgraded Kraft Heinz to a “hold” rating and set a $52.00 target price for the company in a research note on Thursday, October 4th. Finally, Morgan Stanley initiated coverage on Kraft Heinz in a research note on Monday, September 17th. They issued an “underweight” rating and a $52.00 target price for the company. Four research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Hold” and an average price target of $72.02.

Shares of NASDAQ KHC opened at $55.12 on Thursday. The company has a market capitalization of $68.10 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.98 and a beta of 0.51. Kraft Heinz Co has a 12-month low of $53.03 and a 12-month high of $82.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 1.05.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.57 billion. Kraft Heinz had a return on equity of 6.16% and a net margin of 40.85%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. On average, research analysts forecast that Kraft Heinz Co will post 3.69 earnings per share for the current year.

About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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