Winnow Wealth LLC Invests $1.04 Million in Kraft Heinz Company $KHC

Winnow Wealth LLC purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,540 shares of the company’s stock, valued at approximately $1,041,000.

Several other institutional investors have also recently bought and sold shares of KHC. Rakuten Securities Inc. increased its stake in shares of Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. Cape Investment Advisory Inc. increased its position in Kraft Heinz by 164.7% in the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in Kraft Heinz during the 2nd quarter worth about $39,000. Hilltop National Bank bought a new stake in Kraft Heinz during the 2nd quarter worth about $41,000. Finally, Albion Financial Group UT acquired a new position in Kraft Heinz during the 3rd quarter valued at about $43,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $23.74 on Friday. The company has a market capitalization of $28.10 billion, a P/E ratio of -6.36 and a beta of 0.09. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $33.35. The company’s 50 day moving average price is $24.14 and its two-hundred day moving average price is $25.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, October 29th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. On average, analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the sale, the insider owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KHC shares. Sanford C. Bernstein lowered their price target on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Evercore ISI cut their price target on Kraft Heinz from $28.00 to $25.00 in a research note on Friday, January 9th. TD Cowen decreased their price objective on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Kraft Heinz from $27.00 to $26.00 in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $26.16.

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.