WestEnd Advisors LLC Cuts Holdings in Kraft Heinz Co (KHC)
WestEnd Advisors LLC decreased its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 524,437 shares of the company’s stock after selling 63,612 shares during the period. Kraft Heinz comprises 3.8% of WestEnd Advisors LLC’s portfolio, making the stock its 17th largest holding. WestEnd Advisors LLC’s holdings in Kraft Heinz were worth $40,780,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Symphony Asset Management LLC grew its position in shares of Kraft Heinz by 15.6% in the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after buying an additional 4,377 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of Kraft Heinz by 40.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock worth $519,000 after buying an additional 1,760 shares during the last quarter. U S Global Investors Inc. purchased a new position in shares of Kraft Heinz in the 2nd quarter worth approximately $388,000. Iberiabank Corp grew its position in shares of Kraft Heinz by 7.4% in the 3rd quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock worth $1,588,000 after buying an additional 1,415 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after buying an additional 487,241 shares during the last quarter. 61.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $74.26 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. Kraft Heinz Co has a 12 month low of $74.18 and a 12 month high of $97.77. The company has a market cap of $94,053.55, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43.
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About Kraft Heinz
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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