one8zero8 LLC Raises Position in Kraft Heinz Company (NASDAQ:KHC)

one8zero8 LLC lifted its stake in Kraft Heinz Company (NASDAQ:KHC) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,964 shares of the company’s stock after buying an additional 414 shares during the period. one8zero8 LLC’s holdings in Kraft Heinz were worth $242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Kraft Heinz by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company’s stock worth $604,644,000 after acquiring an additional 595,406 shares in the last quarter. Norges Bank bought a new position in Kraft Heinz during the 4th quarter worth approximately $324,857,000. Northern Trust Corp lifted its holdings in Kraft Heinz by 12.6% during the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company’s stock worth $285,286,000 after buying an additional 1,039,885 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kraft Heinz by 23.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company’s stock worth $263,650,000 after buying an additional 1,628,516 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Kraft Heinz by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after buying an additional 103,548 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KHC. Sanford C. Bernstein cut Kraft Heinz from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. DZ Bank cut Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Friday, May 9th. Mizuho set a $29.00 price target on Kraft Heinz and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. The Goldman Sachs Group raised Kraft Heinz from a “sell” rating to a “neutral” rating and increased their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Finally, UBS Group decreased their price target on Kraft Heinz from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $30.29.

Kraft Heinz Stock Performance

KHC opened at $28.68 on Monday. The firm has a market cap of $33.94 billion, a PE ratio of 13.10, a P/E/G ratio of 3.36 and a beta of 0.25. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $28.55. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. As a group, equities analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares of the company’s stock, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.