Linscomb & Williams Inc. grew its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 45.1% during the 4th quarter, HoldingsChannel reports. The fund owned 10,283 shares of the company’s stock after acquiring an additional 3,195 shares during the period. Linscomb & Williams Inc.’s holdings in Kraft Heinz were worth $800,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of KHC. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares in the last quarter. Willingdon Wealth Management boosted its holdings in Kraft Heinz by 4.2% in the second quarter. Willingdon Wealth Management now owns 14,705 shares of the company’s stock worth $1,259,000 after purchasing an additional 588 shares in the last quarter. USS Investment Management Ltd bought a new stake in Kraft Heinz in the second quarter worth $18,712,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Kraft Heinz by 18.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 142,897 shares of the company’s stock worth $12,238,000 after purchasing an additional 21,763 shares in the last quarter. Finally, Utah Retirement Systems boosted its holdings in Kraft Heinz by 0.8% in the second quarter. Utah Retirement Systems now owns 110,173 shares of the company’s stock worth $9,435,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 61.92% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Group began coverage on shares of Kraft Heinz in a research report on Friday, January 19th. They set a “buy” rating and a $95.00 target price for the company. Piper Jaffray Companies reissued an “overweight” rating and set a $94.00 target price (up previously from $90.00) on shares of Kraft Heinz in a research report on Tuesday, January 30th. Finally, Morgan Stanley cut their target price on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $92.90.
Kraft Heinz Co (NASDAQ KHC) opened at $77.19 on Monday. The firm has a market cap of $94,053.55, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a 52-week low of $75.21 and a 52-week high of $97.77.
Kraft Heinz Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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