Kraft Heinz Co (KHC) Short Interest Down 8.9% in January

Kraft Heinz Co (NASDAQ:KHC) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 17,347,026 shares, a decline of 8.9% from the January 15th total of 19,049,752 shares. Based on an average daily trading volume, of 6,391,365 shares, the short-interest ratio is presently 2.7 days. Currently, 1.8% of the company’s stock are sold short.

A number of analysts recently commented on the company. ValuEngine raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. UBS Group set a $65.00 target price on Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. Piper Jaffray Companies set a $62.00 target price on Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. Susquehanna Bancshares reaffirmed a “negative” rating and issued a $47.00 target price (down from $59.00) on shares of Kraft Heinz in a research report on Friday, November 2nd. Finally, Morgan Stanley set a $49.00 target price on Kraft Heinz and gave the company a “sell” rating in a research report on Wednesday, November 7th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $64.43.

A number of hedge funds have recently added to or reduced their stakes in KHC. North Star Investment Management Corp. boosted its stake in shares of Kraft Heinz by 0.4% in the 4th quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock worth $2,617,000 after buying an additional 237 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Kraft Heinz by 4.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock worth $237,000 after buying an additional 239 shares during the last quarter. OLD Second National Bank of Aurora boosted its stake in shares of Kraft Heinz by 7.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock worth $154,000 after buying an additional 250 shares during the last quarter. Delta Asset Management LLC TN boosted its stake in shares of Kraft Heinz by 3.5% in the 4th quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock worth $320,000 after buying an additional 250 shares during the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Kraft Heinz by 54.2% in the 4th quarter. Gradient Investments LLC now owns 717 shares of the company’s stock worth $31,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 63.31% of the company’s stock.

KHC stock opened at $47.33 on Tuesday. The stock has a market cap of $57.87 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 2.32 and a beta of 0.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. Kraft Heinz has a 52-week low of $41.60 and a 52-week high of $72.78.

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Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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