The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Kensington Investment Counsel LLC

Kensington Investment Counsel LLC cut its position in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 63.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,766 shares of the company’s stock after selling 11,945 shares during the period. Kensington Investment Counsel LLC’s holdings in Kraft Heinz were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Kraft Heinz by 1,835.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock valued at $794,964,000 after purchasing an additional 18,518,584 shares during the period. BlackRock Inc. raised its holdings in shares of Kraft Heinz by 9.0% in the 2nd quarter. BlackRock Inc. now owns 83,293,412 shares of the company’s stock valued at $2,956,916,000 after buying an additional 6,870,945 shares during the period. Capital World Investors raised its holdings in shares of Kraft Heinz by 96.5% in the 1st quarter. Capital World Investors now owns 13,312,000 shares of the company’s stock valued at $524,360,000 after buying an additional 6,537,000 shares during the period. Norges Bank purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at $252,224,000. Finally, Holocene Advisors LP acquired a new position in shares of Kraft Heinz during the 2nd quarter worth about $138,762,000. 75.39% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $35.97 on Monday. The business’s fifty day moving average price is $37.03 and its two-hundred day moving average price is $34.75. The stock has a market cap of $44.12 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.51 and a beta of 0.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 1.00. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KHC. Citigroup began coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price for the company. Sanford C. Bernstein raised Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Tuesday, November 14th. Bank of America reduced their price objective on Kraft Heinz from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Evercore ISI raised Kraft Heinz from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $42.00 in a research note on Monday, December 11th. Finally, Morgan Stanley cut their target price on Kraft Heinz from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.60.

View Our Latest Analysis on Kraft Heinz

Insider Transactions at Kraft Heinz

In other news, Director Miguel Patricio sold 131,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total transaction of $4,999,630.00. Following the sale, the director now owns 992,049 shares in the company, valued at $37,717,702.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Miguel Patricio sold 131,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total transaction of $4,999,630.00. Following the sale, the director now owns 992,049 shares in the company, valued at $37,717,702.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lande Rashida La sold 13,238 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $35.00, for a total value of $463,330.00. Following the sale, the chief accounting officer now owns 153,494 shares in the company, valued at approximately $5,372,290. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

About Kraft Heinz

(Free Report)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

See Also

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

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