Kentucky Trust Co Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

Kentucky Trust Co bought a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,667 shares of the company’s stock, valued at approximately $1,126,000.

A number of other institutional investors have also recently modified their holdings of KHC. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the 4th quarter worth $25,000. Fortitude Family Office LLC raised its holdings in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz during the 3rd quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Kraft Heinz during the 3rd quarter worth $33,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Trading Up 2.1 %

NASDAQ KHC opened at $29.58 on Wednesday. The business’s 50-day moving average price is $30.06 and its two-hundred day moving average price is $32.85. The Kraft Heinz Company has a 12 month low of $28.31 and a 12 month high of $38.96. The firm has a market capitalization of $35.77 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Stifel Nicolaus lowered their target price on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a report on Friday, January 24th. TD Cowen lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.36.

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.