Thrax Management LLC continued to hold its stake in Kraft Heinz Co (NASDAQ:KHC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,100 shares of the company’s stock at the end of the fourth quarter. Thrax Management LLC’s holdings in Kraft Heinz were worth $1,978,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Jacobs & Co. CA boosted its position in shares of Kraft Heinz by 6.4% in the third quarter. Jacobs & Co. CA now owns 36,893 shares of the company’s stock worth $3,302,000 after buying an additional 2,221 shares during the last quarter. Community Trust & Investment Co. boosted its position in shares of Kraft Heinz by 0.4% in the third quarter. Community Trust & Investment Co. now owns 20,069 shares of the company’s stock worth $1,796,000 after buying an additional 70 shares during the last quarter. Vontobel Asset Management Inc. boosted its position in shares of Kraft Heinz by 76.4% in the third quarter. Vontobel Asset Management Inc. now owns 518,150 shares of the company’s stock worth $46,380,000 after buying an additional 224,400 shares during the last quarter. First Financial Bank N.A. Trust Division boosted its position in shares of Kraft Heinz by 11.9% in the third quarter. First Financial Bank N.A. Trust Division now owns 3,615 shares of the company’s stock worth $323,000 after buying an additional 384 shares during the last quarter. Finally, Atria Investments LLC boosted its position in shares of Kraft Heinz by 26.6% in the third quarter. Atria Investments LLC now owns 6,394 shares of the company’s stock worth $572,000 after buying an additional 1,345 shares during the last quarter. Institutional investors and hedge funds own 61.47% of the company’s stock.
Shares of Kraft Heinz Co (NASDAQ:KHC) traded down 0.48% on Friday, reaching $91.60. 1,965,933 shares of the company were exchanged. Kraft Heinz Co has a 52 week low of $76.70 and a 52 week high of $97.77. The company has a market capitalization of $111.49 billion, a price-to-earnings ratio of 32.60 and a beta of 0.42. The company’s 50-day moving average is $91.49 and its 200-day moving average is $88.16.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 15th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Kraft Heinz had a return on equity of 6.40% and a net margin of 10.44%. The business earned $6.86 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities analysts expect that Kraft Heinz Co will post $3.24 EPS for the current fiscal year.
A number of brokerages recently commented on KHC. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of Kraft Heinz in a research report on Thursday, February 16th. Vetr lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating and set a $90.02 price target on the stock. in a report on Monday, February 20th. Susquehanna Bancshares Inc set a $91.00 price target on shares of Kraft Heinz and gave the stock a “hold” rating in a report on Monday, February 27th. Zacks Investment Research lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, BMO Capital Markets reissued a “hold” rating and issued a $96.00 price target on shares of Kraft Heinz in a report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.20.
Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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