Pegasus Partners Ltd. trimmed its position in Kraft Heinz Co (NASDAQ:KHC) by 28.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,705 shares of the company’s stock after selling 6,557 shares during the quarter. Pegasus Partners Ltd.’s holdings in Kraft Heinz were worth $1,299,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Roundview Capital LLC lifted its holdings in shares of Kraft Heinz by 22.4% in the 4th quarter. Roundview Capital LLC now owns 33,259 shares of the company’s stock worth $2,586,000 after acquiring an additional 6,076 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of Kraft Heinz by 42.9% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,916 shares of the company’s stock worth $849,000 after acquiring an additional 3,275 shares during the last quarter. NuWave Investment Management LLC acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $1,223,000. Wealthstreet Investment Advisors LLC acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $2,828,000. Finally, Meyer Handelman Co. lifted its holdings in shares of Kraft Heinz by 0.6% in the 4th quarter. Meyer Handelman Co. now owns 124,501 shares of the company’s stock worth $9,681,000 after acquiring an additional 750 shares during the last quarter. Institutional investors own 61.93% of the company’s stock.
KHC has been the topic of several recent analyst reports. BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Citigroup decreased their price objective on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Credit Suisse Group restated an “outperform” rating and issued a $90.00 price objective (down from $100.00) on shares of Kraft Heinz in a report on Thursday, November 2nd. Finally, Susquehanna Bancshares decreased their price objective on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. One equities research 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 company. Kraft Heinz presently has an average rating of “Buy” and a consensus price target of $92.27.
Shares of Kraft Heinz Co (NASDAQ KHC) opened at $71.71 on Wednesday. Kraft Heinz Co has a 52 week low of $70.25 and a 52 week high of $97.77. The firm has a market cap of $87,498.19, a P/E ratio of 20.17, a P/E/G ratio of 1.93 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.
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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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