WBI Investments Inc. Boosts Stake in The Kraft Heinz Company (NASDAQ:KHC)

WBI Investments Inc. lifted its position in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 43.0% in the 3rd quarter, Holdings Channel reports. The fund owned 58,418 shares of the company’s stock after acquiring an additional 17,555 shares during the quarter. WBI Investments Inc.’s holdings in Kraft Heinz were worth $1,965,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KHC. Fairfield Bush & CO. purchased a new position in shares of Kraft Heinz in the 1st quarter worth $65,000. Acadian Asset Management LLC raised its holdings in Kraft Heinz by 197.7% during the first quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock valued at $90,000 after acquiring an additional 1,548 shares during the period. Raymond James Trust N.A. raised its holdings in Kraft Heinz by 4.0% during the first quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock valued at $624,000 after acquiring an additional 614 shares during the period. Sei Investments Co. grew its position in shares of Kraft Heinz by 208.7% during the first quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock valued at $4,679,000 after purchasing an additional 78,677 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Kraft Heinz during the first quarter valued at about $293,000. Institutional investors own 75.39% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Kraft Heinz from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Piper Sandler raised their target price on Kraft Heinz from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Sanford C. Bernstein upgraded Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Tuesday, November 14th. Evercore ISI upgraded Kraft Heinz from an “in-line” rating to an “outperform” rating and raised their target price for the company from $40.00 to $42.00 in a research report on Monday, December 11th. Finally, Morgan Stanley decreased their price target on shares of Kraft Heinz from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.60.

Read Our Latest Research Report on KHC

Insider Activity at Kraft Heinz

In related news, Director Miguel Patricio sold 131,500 shares of Kraft Heinz stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $4,999,630.00. Following the completion of the sale, the director now owns 992,049 shares in the company, valued at approximately $37,717,702.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kraft Heinz news, Director Miguel Patricio sold 131,500 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $4,999,630.00. Following the completion of the transaction, the director now owns 992,049 shares in the company, valued at $37,717,702.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lande Rashida La sold 13,238 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $35.00, for a total transaction of $463,330.00. Following the completion of the transaction, the chief accounting officer now owns 153,494 shares of the company’s stock, valued at approximately $5,372,290. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Kraft Heinz Stock Down 0.3 %

Shares of NASDAQ KHC opened at $35.88 on Monday. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 0.52. The company has a 50 day simple moving average of $37.03 and a 200-day simple moving average of $34.75. The company has a market capitalization of $44.01 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.51 and a beta of 0.65.

Kraft Heinz Company Profile

(Free Report)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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