Brown Lisle Cummings Inc. Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Brown Lisle Cummings Inc. lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,235 shares of the company’s stock after buying an additional 3,177 shares during the period. Brown Lisle Cummings Inc.’s holdings in Kraft Heinz were worth $775,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KHC. Sawyer & Company Inc bought a new stake in Kraft Heinz in the 4th quarter worth $25,000. Fortitude Family Office LLC boosted its holdings in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Kraft Heinz in the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. increased its holdings in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank bought a new position in Kraft Heinz during the 3rd quarter valued at approximately $32,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $29.28 on Tuesday. The stock has a market cap of $35.40 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.82 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a 1 year low of $28.37 and a 1 year high of $38.96. The firm’s 50-day moving average is $30.41 and its 200 day moving average is $33.03.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KHC. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday. Jefferies Financial Group reduced their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock 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 report on Friday, November 1st. Finally, Citigroup decreased their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $34.07.

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.