The Kraft Heinz Company (NASDAQ:KHC) Stake Decreased by Westhampton Capital LLC

Westhampton Capital LLC trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,825 shares of the company’s stock after selling 500 shares during the quarter. Westhampton Capital LLC’s holdings in Kraft Heinz were worth $302,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC boosted its stake in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz during the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares in the last quarter. Finally, Bangor Savings Bank acquired a new stake in shares of Kraft Heinz in the third quarter valued at $32,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on KHC. Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday. Barclays cut their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Citigroup decreased their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus cut their price objective on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $34.43.

Kraft Heinz Price Performance

NASDAQ KHC opened at $29.66 on Thursday. The company has a 50 day simple moving average of $30.49 and a 200-day simple moving average of $33.09. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. The firm has a market capitalization of $35.86 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Kraft Heinz 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.