Alta Capital Management LLC raised its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,043 shares of the company’s stock after purchasing an additional 1,405 shares during the quarter. Alta Capital Management LLC’s holdings in Kraft Heinz were worth $1,600,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KHC. First American Bank bought a new stake in shares of Kraft Heinz in the third quarter valued at about $2,124,000. Louisiana State Employees Retirement System raised its holdings in shares of Kraft Heinz by 3.4% in the third quarter. Louisiana State Employees Retirement System now owns 36,400 shares of the company’s stock valued at $2,006,000 after acquiring an additional 1,200 shares in the last quarter. Bainco International Investors raised its holdings in shares of Kraft Heinz by 2.8% in the third quarter. Bainco International Investors now owns 131,058 shares of the company’s stock valued at $7,223,000 after acquiring an additional 3,610 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of Kraft Heinz by 43.2% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 7,844 shares of the company’s stock valued at $432,000 after acquiring an additional 2,367 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Kraft Heinz in the third quarter valued at about $562,000. Institutional investors and hedge funds own 62.82% of the company’s stock.

In other news, EVP Eduardo Pelleissone sold 35,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $63.85, for a total transaction of $2,234,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $59.85, for a total value of $1,234,724,292.90. The disclosure for this sale can be found here. 26.81% of the stock is currently owned by insiders.

A number of equities analysts have commented on KHC shares. BidaskClub upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Bank of America set a $85.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 target price on shares of Kraft Heinz in a report on Tuesday, August 7th. Finally, Morgan Stanley started coverage on shares of Kraft Heinz in a report on Monday, September 17th. They issued an “underweight” rating and a $52.00 target price for the company. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $72.02.

Kraft Heinz stock traded up $0.97 during trading hours on Wednesday, reaching $56.41. The stock had a trading volume of 807,781 shares, compared to its average volume of 5,409,939. The company has a market capitalization of $67.19 billion, a PE ratio of 15.63, a P/E/G ratio of 1.88 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 1.05. Kraft Heinz Co has a 52 week low of $53.03 and a 52 week high of $82.48.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Friday, August 3rd. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. Kraft Heinz had a return on equity of 6.16% and a net margin of 40.85%. The business had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Kraft Heinz Co will post 3.71 earnings per share for the current fiscal year.

Kraft Heinz Profile

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

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