Kendall Capital Management Lowers Stock Holdings in Kraft Heinz Co (NASDAQ:KHC)

Kendall Capital Management reduced its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 34.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,580 shares of the company’s stock after selling 3,535 shares during the period. Kendall Capital Management’s holdings in Kraft Heinz were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. SRS Capital Advisors Inc. boosted its holdings in Kraft Heinz by 46.3% in the third quarter. SRS Capital Advisors Inc. now owns 1,030 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the period. Nvwm LLC purchased a new position in Kraft Heinz in the third quarter valued at $38,000. Horan Capital Advisors LLC. purchased a new position in Kraft Heinz in the third quarter valued at $47,000. Venturi Wealth Management LLC purchased a new position in Kraft Heinz in the third quarter valued at $59,000. Finally, First Bank & Trust boosted its holdings in Kraft Heinz by 51.8% in the third quarter. First Bank & Trust now owns 2,314 shares of the company’s stock valued at $65,000 after purchasing an additional 790 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

A number of research firms recently issued reports on KHC. Jefferies Financial Group began coverage on Kraft Heinz in a report on Wednesday. They issued a “hold” rating and a $33.00 target price for the company. Zacks Investment Research lowered Kraft Heinz from a “hold” rating to a “sell” rating and set a $30.00 target price for the company. in a report on Tuesday, October 22nd. ValuEngine upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays set a $32.00 target price on Kraft Heinz and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Piper Jaffray Companies set a $33.00 target price on Kraft Heinz and gave the company a “hold” rating in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.55.

NASDAQ KHC traded down $0.27 during trading on Friday, reaching $30.41. 5,927,790 shares of the company’s stock were exchanged, compared to its average volume of 4,898,258. The stock has a market cap of $37.14 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 2.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.00. The company has a 50 day moving average price of $31.42 and a two-hundred day moving average price of $29.65. Kraft Heinz Co has a 1 year low of $24.86 and a 1 year high of $48.66.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.15. The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $6.13 billion. Kraft Heinz had a positive return on equity of 6.23% and a negative net margin of 42.85%. Kraft Heinz’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS. Research analysts forecast that Kraft Heinz Co will post 2.81 EPS for the current fiscal year.

About Kraft Heinz

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

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