Willingdon Wealth Management Boosts Stake in Kraft Heinz Co (KHC)
Willingdon Wealth Management raised its stake in Kraft Heinz Co (NASDAQ:KHC) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,282 shares of the company’s stock after acquiring an additional 1,783 shares during the quarter. Willingdon Wealth Management’s holdings in Kraft Heinz were worth $1,266,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of KHC. Westside Investment Management Inc. raised its holdings in Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Kraft Heinz in the 2nd quarter valued at approximately $121,000. Rational Advisors LLC bought a new position in Kraft Heinz in the 4th quarter valued at approximately $117,000. Cerebellum GP LLC bought a new position in Kraft Heinz in the 4th quarter valued at approximately $124,000. Finally, GWM Advisors LLC bought a new position in Kraft Heinz in the 2nd quarter valued at approximately $137,000. 61.93% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on KHC. Piper Jaffray Companies reiterated an “overweight” rating and issued a $94.00 price objective (up previously from $90.00) on shares of Kraft Heinz in a report on Tuesday, January 30th. Susquehanna Bancshares dropped their price objective on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. BidaskClub lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. Credit Suisse Group reiterated an “outperform” rating and issued a $90.00 price objective (down previously from $100.00) on shares of Kraft Heinz in a report on Thursday, November 2nd. Finally, Jefferies Group began coverage on shares of Kraft Heinz in a report on Friday, January 19th. They issued a “buy” rating and a $95.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Kraft Heinz currently has an average rating of “Buy” and a consensus target price of $92.27.
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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