The Kraft Heinz Company (NASDAQ:KHC) Stake Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 53.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,684 shares of the company’s stock after purchasing an additional 35,181 shares during the period. Kestra Private Wealth Services LLC’s holdings in Kraft Heinz were worth $3,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KHC. AMF Tjanstepension AB grew its stake in shares of Kraft Heinz by 143.4% in the 3rd quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock valued at $8,620,000 after buying an additional 144,646 shares in the last quarter. UMB Bank n.a. lifted its stake in Kraft Heinz by 37.8% in the third quarter. UMB Bank n.a. now owns 3,101 shares of the company’s stock valued at $109,000 after acquiring an additional 850 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in Kraft Heinz by 221.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,016 shares of the company’s stock worth $36,000 after acquiring an additional 700 shares in the last quarter. CHICAGO TRUST Co NA acquired a new position in shares of Kraft Heinz during the 3rd quarter worth $435,000. Finally, Thomasville National Bank raised its holdings in shares of Kraft Heinz by 1.2% during the 3rd quarter. Thomasville National Bank now owns 40,868 shares of the company’s stock valued at $1,435,000 after purchasing an additional 481 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $28.96 on Tuesday. The company’s fifty day moving average is $30.11 and its two-hundred day moving average is $32.88. The firm has a market capitalization of $35.02 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 3.74 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a 52-week low of $28.31 and a 52-week high of $38.96.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Stifel Nicolaus reduced their target price on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a report on Friday, January 24th. Piper Sandler reiterated a “neutral” rating and set a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Finally, Citigroup reduced their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.36.

Kraft Heinz Company Profile

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.