Global Financial Private Capital LLC Sells 64,854 Shares of Kraft Heinz Co (KHC)

Global Financial Private Capital LLC reduced its stake in Kraft Heinz Co (NASDAQ:KHC) by 50.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,954 shares of the company’s stock after selling 64,854 shares during the quarter. Global Financial Private Capital LLC’s holdings in Kraft Heinz were worth $2,753,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. North Star Investment Management Corp. grew its position in shares of Kraft Heinz by 0.4% during the fourth quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock valued at $2,617,000 after purchasing an additional 237 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Kraft Heinz by 4.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock valued at $237,000 after purchasing an additional 239 shares in the last quarter. OLD Second National Bank of Aurora grew its position in shares of Kraft Heinz by 7.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock valued at $154,000 after purchasing an additional 250 shares in the last quarter. Gradient Investments LLC grew its position in shares of Kraft Heinz by 54.2% during the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock valued at $31,000 after purchasing an additional 252 shares in the last quarter. Finally, SignalPoint Asset Management LLC grew its position in shares of Kraft Heinz by 4.9% during the fourth quarter. SignalPoint Asset Management LLC now owns 5,619 shares of the company’s stock valued at $241,000 after purchasing an additional 263 shares in the last quarter. 63.31% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on KHC. Zacks Investment Research lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. BidaskClub lowered Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 7th. ValuEngine upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. Berenberg Bank set a $60.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Finally, Guggenheim began coverage on Kraft Heinz in a research report on Tuesday, January 22nd. They set a “neutral” rating for the company. 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. The company has a consensus rating of “Hold” and a consensus target price of $64.43.

KHC opened at $47.33 on Tuesday. The stock has a market capitalization of $57.87 billion, a P/E ratio of 13.33, a P/E/G ratio of 2.32 and a beta of 0.72. Kraft Heinz Co has a 12 month low of $41.60 and a 12 month high of $72.78. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 0.47.

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

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