Wealthstreet Investment Advisors LLC Has $2.03 Million Holdings in Kraft Heinz Co (KHC)

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Wealthstreet Investment Advisors LLC lessened its position in Kraft Heinz Co (NASDAQ:KHC) by 5.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 36,847 shares of the company’s stock after selling 2,122 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Kraft Heinz were worth $2,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC raised its stake in shares of Kraft Heinz by 133.5% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock worth $106,000 after buying an additional 965 shares in the last quarter. Stevens First Principles Investment Advisors bought a new stake in shares of Kraft Heinz in the 2nd quarter worth $108,000. Kiley Juergens Wealth Management LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter worth $113,000. CSat Investment Advisory L.P. bought a new stake in shares of Kraft Heinz in the 2nd quarter worth $120,000. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Kraft Heinz by 64.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,278 shares of the company’s stock worth $143,000 after buying an additional 895 shares in the last quarter. 63.02% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on KHC shares. BidaskClub downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. ValuEngine raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Friday, October 19th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price objective on shares of Kraft Heinz in a research note on Tuesday, August 7th. Finally, Morgan Stanley started coverage on Kraft Heinz in a research note on Monday, September 17th. They issued an “underweight” rating and a $52.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $72.02.

In related news, EVP Eduardo Pelleissone sold 35,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $63.85, for a total transaction of $2,234,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the company’s stock in a transaction 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 insiders.

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

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The company had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.57 billion. Kraft Heinz had a return on equity of 6.16% and a net margin of 40.85%. Kraft Heinz’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Equities research analysts predict that Kraft Heinz Co will post 3.69 EPS for the current fiscal year.

Kraft Heinz Company Profile

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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