The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its position in The Kraft Heinz Company (NASDAQ:KHC) by 3.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 64,142 shares of the company’s stock after selling 1,974 shares during the period. Private Advisor Group LLC’s holdings in Kraft Heinz were worth $2,252,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KHC. New Covenant Trust Company N.A. purchased a new stake in shares of Kraft Heinz in the first quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after acquiring an additional 797 shares in the last quarter. Asset Dedication LLC lifted its position in shares of Kraft Heinz by 94.8% in the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after acquiring an additional 476 shares in the last quarter. Bangor Savings Bank purchased a new stake in shares of Kraft Heinz in the third quarter valued at $32,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Kraft Heinz in the second quarter valued at $34,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $34.80 on Wednesday. The firm has a market capitalization of $42.26 billion, a PE ratio of 15.20, a P/E/G ratio of 3.48 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53. The business has a 50-day moving average of $35.27 and a two-hundred day moving average of $34.87. The Kraft Heinz Company has a 12 month low of $31.08 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. As a group, research analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Insider Activity

In other news, insider Cory Onell sold 4,076 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KHC. Deutsche Bank Aktiengesellschaft reduced their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Citigroup reduced their price objective on Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company increased their target price on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Bank of America reduced their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.58.

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.