Leo Wealth LLC Sells 34,199 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Leo Wealth LLC decreased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 64.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,575 shares of the company’s stock after selling 34,199 shares during the quarter. Leo Wealth LLC’s holdings in Kraft Heinz were worth $595,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kraft Heinz during the 3rd quarter valued at about $411,304,000. State Street Corp lifted its position in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after buying an additional 1,944,019 shares during the last quarter. Nordea Investment Management AB grew its holdings in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Kraft Heinz by 1,139.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after acquiring an additional 1,170,814 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research reports. Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Barclays lowered their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Mizuho reduced their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen lowered their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $34.07.

Kraft Heinz Price Performance

Shares of KHC stock opened at $29.30 on Friday. The stock has a 50 day moving average price of $30.17 and a 200 day moving average price of $32.91. The Kraft Heinz Company has a 52-week low of $28.31 and a 52-week high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The firm has a market capitalization of $35.43 billion, a P/E ratio of 26.40, a P/E/G ratio of 3.82 and a beta of 0.47.

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.