Berman Capital Advisors LLC increased its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 414.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,075 shares of the company’s stock after purchasing an additional 6,504 shares during the period. Berman Capital Advisors LLC’s holdings in Kraft Heinz were worth $263,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its position in shares of Kraft Heinz by 114.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 634 shares of the company’s stock worth $27,000 after acquiring an additional 339 shares during the last quarter. Veritas Investment Management LLP bought a new stake in shares of Kraft Heinz in the fourth quarter worth $28,000. G&S Capital LLC bought a new stake in shares of Kraft Heinz in the first quarter worth $36,000. We Are One Seven LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $38,000. Finally, Executive Wealth Management LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 58.23% of the company’s stock.
NASDAQ KHC traded down $0.10 on Friday, hitting $30.31. 11,714,085 shares of the company were exchanged, compared to its average volume of 10,906,909. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The company has a market cap of $36.89 billion, a PE ratio of 8.59, a PEG ratio of 2.91 and a beta of 0.69. Kraft Heinz Co has a twelve month low of $26.96 and a twelve month high of $64.99.
A number of research firms have commented on KHC. Piper Jaffray Companies raised shares of Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 price objective for the company in a report on Friday, May 31st. Evercore ISI started coverage on shares of Kraft Heinz in a report on Tuesday. They set an “in-line” rating and a $32.00 price target for the company. Credit Suisse Group restated an “underperform” rating and set a $26.00 price objective (down from $33.00) on shares of Kraft Heinz in a research note on Thursday, May 30th. Barclays cut shares of Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 22nd. Finally, Wolfe Research cut shares of Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a research note on Friday, March 29th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Kraft Heinz presently has an average rating of “Hold” and an average target price of $41.22.
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About Kraft Heinz
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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