Kraft Heinz Co (NASDAQ:KHC) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 17,347,026 shares, a drop of 8.9% from the January 15th total of 19,049,752 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 6,391,365 shares, the days-to-cover ratio is presently 2.7 days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KHC. Wellington Shields & Co. LLC lifted its holdings in Kraft Heinz by 90.8% during the 4th quarter. Wellington Shields & Co. LLC now owns 8,046 shares of the company’s stock worth $346,000 after buying an additional 3,828 shares during the period. FTB Advisors Inc. lifted its holdings in Kraft Heinz by 12.9% during the 4th quarter. FTB Advisors Inc. now owns 10,304 shares of the company’s stock worth $442,000 after buying an additional 1,179 shares during the period. Wellington Shields Capital Management LLC lifted its holdings in Kraft Heinz by 45.8% during the 4th quarter. Wellington Shields Capital Management LLC now owns 28,275 shares of the company’s stock worth $1,217,000 after buying an additional 8,887 shares during the period. Advisor Group Inc. lifted its holdings in Kraft Heinz by 8.7% during the 4th quarter. Advisor Group Inc. now owns 60,797 shares of the company’s stock worth $2,619,000 after buying an additional 4,871 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its holdings in Kraft Heinz by 9.7% during the 4th quarter. Ausdal Financial Partners Inc. now owns 6,967 shares of the company’s stock worth $300,000 after buying an additional 614 shares during the period. 63.31% of the stock is currently owned by institutional investors.
KHC has been the topic of a number of research analyst reports. Morgan Stanley set a $49.00 target price on Kraft Heinz and gave the company a “sell” rating in a report on Wednesday, November 7th. ValuEngine raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Thursday, December 13th. Bank of America set a $83.00 target price on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. Berenberg Bank set a $64.00 target price on Kraft Heinz and gave the company a “buy” rating in a report on Tuesday, November 20th. Finally, Piper Jaffray Companies set a $62.00 target price on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $64.43.
NASDAQ KHC opened at $47.33 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.00. Kraft Heinz has a twelve month low of $41.60 and a twelve month high of $72.78. The firm has a market cap of $57.87 billion, a P/E ratio of 13.33, a PEG ratio of 2.32 and a beta of 0.72.
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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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