Blue Trust Inc. Grows Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Blue Trust Inc. lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,388 shares of the company’s stock after acquiring an additional 2,993 shares during the period. Blue Trust Inc.’s holdings in Kraft Heinz were worth $380,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after acquiring an additional 545,504 shares during the period. Banque Cantonale Vaudoise raised 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 buying an additional 58,665 shares during the period. Brookstone Capital Management raised its holdings in Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after buying an additional 238,913 shares during the period. Easterly Investment Partners LLC raised its holdings in Kraft Heinz by 39.4% in the third 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 period. Finally, Toronto Dominion Bank raised its holdings in Kraft Heinz by 12.6% in the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after buying an additional 54,656 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on KHC shares. Evercore ISI restated an “in-line” rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. TD Cowen cut their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Citigroup dropped their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. UBS Group dropped their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. 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 currently has a consensus rating of “Hold” and a consensus price target of $34.07.

Kraft Heinz Stock Down 1.4 %

KHC stock opened at $29.84 on Friday. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $36.08 billion, a P/E ratio of 26.88, a PEG ratio of 3.80 and a beta of 0.48. The firm has a 50 day simple moving average of $30.41 and a 200-day simple moving average of $33.03.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, equities research analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz 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.