Kraft Heinz Company $KHC Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in Kraft Heinz Company (NASDAQ:KHC) by 18.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 202,561 shares of the company’s stock after purchasing an additional 30,901 shares during the period. Jones Financial Companies Lllp’s holdings in Kraft Heinz were worth $5,277,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Lebenthal Global Advisors LLC purchased a new stake in Kraft Heinz in the third quarter valued at approximately $783,000. Mutual Advisors LLC raised its position in Kraft Heinz by 20.6% during the 3rd quarter. Mutual Advisors LLC now owns 27,507 shares of the company’s stock worth $699,000 after buying an additional 4,698 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in Kraft Heinz by 88.2% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 30,685 shares of the company’s stock valued at $799,000 after acquiring an additional 14,377 shares during the period. Lingohr Asset Management GmbH purchased a new stake in shares of Kraft Heinz in the 3rd quarter valued at $564,000. Finally, Howard Capital Management Inc. increased its stake in shares of Kraft Heinz by 4.4% in the third quarter. Howard Capital Management Inc. now owns 36,145 shares of the company’s stock worth $941,000 after acquiring an additional 1,525 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $24.64 on Friday. The stock has a market capitalization of $29.17 billion, a price-to-earnings ratio of -6.61 and a beta of 0.08. The stock has a 50-day moving average of $24.02 and a 200 day moving average of $25.47. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $33.35.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KHC shares. The Goldman Sachs Group lowered their price target on shares of Kraft Heinz from $30.00 to $27.00 in a report on Thursday, October 30th. Evercore lowered their target price on Kraft Heinz from $28.00 to $25.00 in a research note on Friday, January 9th. Wells Fargo & Company dropped their target price on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Barclays reduced their price target on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Finally, Morgan Stanley lowered their price objective on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average price target of $26.16.

Insider Buying and Selling at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the transaction, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This trade represents a 15.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.