Cidel Asset Management Inc. Raises Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Cidel Asset Management Inc. grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,858 shares of the company’s stock after purchasing an additional 845 shares during the period. Cidel Asset Management Inc.’s holdings in Kraft Heinz were worth $241,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after acquiring an additional 545,504 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in Kraft Heinz by 52.5% in the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock valued at $5,988,000 after purchasing an additional 58,665 shares during the last quarter. Brookstone Capital Management grew its position in Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after purchasing an additional 238,913 shares during the period. Easterly Investment Partners LLC raised its stake in shares of Kraft Heinz by 39.4% during the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock valued at $5,529,000 after buying an additional 44,485 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Kraft Heinz by 12.6% in the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock worth $17,132,000 after buying an additional 54,656 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Evercore ISI reiterated an “in-line” rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Citigroup dropped their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group reduced their price target on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Trading Up 1.0 %

KHC opened at $29.30 on Friday. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. The company’s 50 day simple moving average is $30.11 and its two-hundred day simple moving average is $32.88. The Kraft Heinz Company has a 1-year low of $28.31 and a 1-year high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.