Wilmington Savings Fund Society FSB Reduces Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Wilmington Savings Fund Society FSB reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 22.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 99,113 shares of the company’s stock after selling 29,476 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kraft Heinz were worth $3,044,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KHC. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC increased its stake in Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Kraft Heinz in the 3rd quarter valued at $33,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KHC. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus decreased their price target on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company reduced their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Jefferies Financial Group decreased their price objective 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. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Stock Up 1.0 %

Shares of Kraft Heinz stock opened at $29.30 on Friday. The Kraft Heinz Company has a twelve month low of $28.31 and a twelve month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $30.11 and its 200-day simple moving average is $32.88. The stock has a market capitalization of $35.43 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.74 and a beta of 0.47.

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.