The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 37.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,580 shares of the company’s stock after acquiring an additional 3,695 shares during the quarter. Allworth Financial LP’s holdings in Kraft Heinz were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Norden Group LLC acquired a new position in Kraft Heinz in the first quarter valued at about $5,312,000. Kovack Advisors Inc. lifted its position in shares of Kraft Heinz by 19.4% during the first quarter. Kovack Advisors Inc. now owns 8,493 shares of the company’s stock worth $313,000 after purchasing an additional 1,381 shares in the last quarter. Uncommon Cents Investing LLC lifted its position in shares of Kraft Heinz by 2.1% during the first quarter. Uncommon Cents Investing LLC now owns 69,400 shares of the company’s stock worth $2,561,000 after purchasing an additional 1,450 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Kraft Heinz by 2.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 31,384 shares of the company’s stock worth $1,158,000 after buying an additional 823 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in shares of Kraft Heinz by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 63,048 shares of the company’s stock worth $2,309,000 after buying an additional 1,705 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction on 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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KHC has been the topic of several recent analyst reports. Citigroup dropped their price target on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company raised their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Bank of America lowered their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.58.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $34.80 on Wednesday. The Kraft Heinz Company has a 1-year low of $31.08 and a 1-year high of $38.96. 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 stock has a fifty day moving average price of $35.27 and a 200 day moving average price of $34.87. The company has a market cap of $42.26 billion, a PE ratio of 15.20, a P/E/G ratio of 3.48 and a beta of 0.49.

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