Bank of Montreal Can decreased its holdings in Kraft Heinz Co (NASDAQ:KHC) by 25.8% in the 4th quarter, Holdings Channel reports. The firm owned 540,055 shares of the company’s stock after selling 188,136 shares during the quarter. Bank of Montreal Can’s holdings in Kraft Heinz were worth $41,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Chip Partners Inc. raised its position in shares of Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after acquiring an additional 13 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in shares of Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after acquiring an additional 17 shares during the last quarter. Linscomb & Williams Inc. raised its position in shares of Kraft Heinz by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock worth $648,000 after acquiring an additional 21 shares during the last quarter. Finally, Comerica Securities Inc. raised its position in shares of Kraft Heinz by 0.3% during the second quarter. Comerica Securities Inc. now owns 7,662 shares of the company’s stock worth $656,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 62.01% of the company’s stock.

Kraft Heinz Co (KHC) opened at $79.66 on Friday. Kraft Heinz Co has a 52 week low of $75.21 and a 52 week high of $97.77. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $97,520.00 and a PE ratio of 24.82.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue was up .7% on a year-over-year basis. equities research analysts predict that Kraft Heinz Co will post 3.61 EPS for the current year.

KHC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Morgan Stanley decreased their price objective on Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. BMO Capital Markets decreased their price objective on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $89.00 price objective (down from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $92.65.

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

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