Pennsylvania Trust Co trimmed its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,234 shares of the company’s stock after selling 2,810 shares during the period. Pennsylvania Trust Co’s holdings in Kraft Heinz were worth $4,684,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments LLC boosted its holdings in Kraft Heinz by 27.9% in the fourth quarter. Atria Investments LLC now owns 7,502 shares of the company’s stock valued at $583,000 after purchasing an additional 1,638 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in Kraft Heinz by 6.1% in the fourth quarter. Ridgewood Investments LLC now owns 13,941 shares of the company’s stock valued at $1,084,000 after purchasing an additional 799 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Kraft Heinz by 1.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 204,404 shares of the company’s stock valued at $15,894,000 after purchasing an additional 3,835 shares in the last quarter. Benson Investment Management Company Inc. boosted its holdings in Kraft Heinz by 97,500.0% in the fourth quarter. Benson Investment Management Company Inc. now owns 32,208 shares of the company’s stock valued at $2,504,000 after purchasing an additional 32,175 shares in the last quarter. Finally, Country Club Trust Company n.a. acquired a new position in Kraft Heinz in the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 62.01% of the company’s stock.
KHC has been the subject of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 price objective on shares of Kraft Heinz in a report on Thursday, September 21st. Royal Bank of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of Kraft Heinz in a report on Tuesday, October 3rd. Goldman Sachs Group downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $87.00 in a report on Wednesday, October 4th. Piper Jaffray Companies raised Kraft Heinz from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $92.49.
Kraft Heinz Co (NASDAQ:KHC) opened at $78.64 on Wednesday. The stock has a market capitalization of $94,248.50, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.96 and a beta of 0.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. Kraft Heinz Co has a 52-week low of $75.21 and a 52-week high of $97.77.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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. The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. Kraft Heinz’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. equities analysts expect that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
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About Kraft Heinz
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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